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Enron's [Jeffrey] Skilling could see 10-year sentence cut
Associated Press ^ | JUAN A. LOZANO

Posted on 05/08/2013 8:01:04 PM PDT by Justaham

Convicted ex-Enron Corp. CEO Jeffrey Skilling's more than 24-year prison sentence for his role in the once mighty energy giant's collapse could be reduced by as many as 10 years if a federal judge approves an agreement reached Wednesday between prosecutors and defense attorneys.

Under the agreement, which Justice Department officials say includes a previous court-ordered reduction of as much as nine years, Skilling's original sentence will be reduced to somewhere between 14 and 17.5 years.

The agreement still has to be approved by U.S. District Judge Sim Lake, who is set to hold a June 21 hearing in Houston to make the final decision on the length of Skilling's sentence.

Daniel Petrocelli, Skilling's attorney, says the agreement "brings certainty and finality to a long, painful process

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Crime/Corruption; News/Current Events; US: Texas
KEYWORDS: jeffreyskilling

1 posted on 05/08/2013 8:01:04 PM PDT by Justaham
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To: Justaham

Enron was peanuts compared to what the US feral government has engaged in under Ubama.


2 posted on 05/08/2013 8:02:37 PM PDT by E. Pluribus Unum (Islam is a religion of peace, and Moslems reserve the right to detonate anyone who says otherwise.)
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To: E. Pluribus Unum

One word... Corzine


3 posted on 05/08/2013 8:10:33 PM PDT by WomBom ("I read Free Republic for the pictures")
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To: E. Pluribus Unum

“US feral government”

Good one. And mighty close to the mark I would say...


4 posted on 05/08/2013 8:11:15 PM PDT by MichaelCorleone (Keep your eyes on Jesus. He is the same yesterday, today, and forever.)
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To: WomBom

The first thing that came to my mind.


5 posted on 05/08/2013 8:12:10 PM PDT by BipolarBob (Happy Hunger Games! May the odds be ever in your favor.)
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To: Justaham

Trivial compared to “too big to fail” and Obama.


6 posted on 05/08/2013 8:12:41 PM PDT by DesertRhino (I was standing with a rifle, waiting for soviet paratroopers, but communists just ran for office.)
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To: Justaham

Hussein will probably pardon him, and give him an emergency appointment to chair the Federal Reserve......


7 posted on 05/08/2013 8:25:00 PM PDT by KoRn (Department of Homeland Security, Certified - "Right Wing Extremist")
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To: Justaham

How about sending Enron advisor and booster PAUL KRUGMANN to finish the sentence??


8 posted on 05/08/2013 8:33:00 PM PDT by cookcounty (Obama Denied ->Americans Died ->Hillary Lied ->the Media Complied.)
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To: Justaham

Enron just wasn’t “too big to fail.”

If he had a Wall Street address instead of a Houston address, he definitely wouldn’t be in jail. He’d be an Ambassador (if had donated a million)or a trusted member of one of Ubama’s many advisory panels (if he had merely “bundled” a million).

If the feds net-worthed the East Coast and West Coast financial institutions like they did the Texas and Oklahoma banks during the oil bust of the ‘80’s, they’d all be out of business now, or (like Newsweak) available for a dollar.

Oldplayer


9 posted on 05/08/2013 8:54:06 PM PDT by oldplayer
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To: Justaham

I have no sympathy for him at all.


10 posted on 05/08/2013 9:24:56 PM PDT by F15Eagle (1Jn4:15;5:4-5,11-13;Mt27:50-54;Mk15:33-34;Jn3:17-18,6:69,11:25,14:6,20:31;Ro10:8-11;1Tm2:5-6;Ti3:4-7)
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To: Justaham

Well, if Corzine isn’t in jail, seems only fair.


11 posted on 05/08/2013 9:27:48 PM PDT by dfwgator
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To: Justaham

FREE BERNIE EBBERS !!!!


12 posted on 05/08/2013 10:23:57 PM PDT by Vendome (Don't take life so seriously, you won't live through it anyway)
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To: Justaham

It’s nice to be rich and influential here in the states.

Crony capitalism always pays off in the long run.

This guy ruined the investments of thousands who will suffer long into their planned retirement without the funds he stole from them and look at they way they are treating today...like a God who needs his sentence reduced.

He should have been given the death penalty and put to death by being dragged out of the courthouse, put in a pillory and then allowing each destroyed investor beat him with a hammer until he was nothing more than red mush.


13 posted on 05/09/2013 4:08:50 AM PDT by DH (Once the tainted finger of government touches anything the rot begins)
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To: F15Eagle

“I have no sympathy for him at all.”

He should have gotten life without parole. His partner in crime had the good grace to commit Seppuku. Enron was nothing but a Ponzi scheme, pure and simple, not a business too big to fail, because it was not a real business.


14 posted on 05/09/2013 8:44:03 AM PDT by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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To: catnipman

True - it was apparently a scam from start-to-finish. Oh they dabbled in a few things here and there.

And sent all the debt “offshore”.

When a senior manager at Arthur Andersen (out of the Chicago office, IIRC) would not show a $100 million dollar loss (or $50 million dollar loss) as a $100 million dollar profit (or $50 million dollar profit) - don’t remember which way but the swing was something like $150 million dollars - they complained until the office replaced him - with someone who would.

It is the reason that the Federal Gov’t shut down Arthur Andersen’s public accounting firm and it will never exist again on U.S. soil.

I know, because I was working for similar types in another company (or at least you could tell what type of folks many of them were) and got a call from another audit buddy over the phone when they shut them down and he said, can you believe it, they’ve been in existence since the 1800’s. After reading what had happened, I told him I was not surprised.


15 posted on 05/09/2013 8:56:01 AM PDT by F15Eagle (1Jn4:15;5:4-5,11-13;Mt27:50-54;Mk15:33-34;Jn3:17-18,6:69,11:25,14:6,20:31;Ro10:8-11;1Tm2:5-6;Ti3:4-7)
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Whoops actually it was not a call, we were working in several cities, different cities over the years.

It was over lunch in Aurora, Colorado many years later and we were discussing what had happened.


16 posted on 05/09/2013 8:58:25 AM PDT by F15Eagle (1Jn4:15;5:4-5,11-13;Mt27:50-54;Mk15:33-34;Jn3:17-18,6:69,11:25,14:6,20:31;Ro10:8-11;1Tm2:5-6;Ti3:4-7)
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To: Justaham

The federal government is money laundering $85 billion a month and this guys gets prison??


17 posted on 05/09/2013 9:23:48 AM PDT by CodeToad (Liberals are bloodsucking ticks. We need to light the matchstick to burn them off. -786 +969)
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