Skip to comments.Enron's [Jeffrey] Skilling could see 10-year sentence cut
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 ...
Enron was peanuts compared to what the US feral government has engaged in under Ubama.
One word... Corzine
“US feral government”
Good one. And mighty close to the mark I would say...
The first thing that came to my mind.
Trivial compared to “too big to fail” and Obama.
Hussein will probably pardon him, and give him an emergency appointment to chair the Federal Reserve......
How about sending Enron advisor and booster PAUL KRUGMANN to finish the sentence??
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.
I have no sympathy for him at all.
Well, if Corzine isn’t in jail, seems only fair.
FREE BERNIE EBBERS !!!!
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.
“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.
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.
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.
The federal government is money laundering $85 billion a month and this guys gets prison??