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Enron chief to get less jail time
Azerbaijan News.Net
Tuesday 6th January, 2009
Former Enron CEO Jeff Skilling will have his 24-year prison term re-adjusted.
An appeals court in the US has ordered that he be resentenced, owing to the fact the original sentencing judge improperly applied a guideline that resulted in a longer prison term for Skilling.
A three-judge panel of the 5th U.S. Circuit Court of Appeals in New Orleans denied Skilling's request to overturn his convictions, which he had argued were invalid because of incorrect legal theory, faulty jury instructions, a biased jury and prosecutorial misconduct.
Skilling was convicted in May 2006 on 19 counts of fraud, conspiracy, insider trading and lying to auditors for his role in the collapse of Houston-based Enron company.
The downfall of Enron in 2001 led to the loss of thousands of jobs, more than $60 billion in Enron stock value and the loss of more than $2 billion in employee pension plans.  Email this story to a friend
Comments on this story
balbalatong!!!
01-07-09, 07:49 AM |
Enron chief to get less jail time
Greed again is the root word.....
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Anonymous
01-07-09, 01:03 PM |
How About-
Sure let him out earlier but seize all his money and assets to pay back the employees. Right!
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Ebony Ivory Investor
01-09-09, 02:55 PM |
Do you guys really think RERA will force Dynasty to Return Our Money?
Do you really think Dynasty Zarooni will return investors all the money paid to them including the premiums? Can anyone who has experience in this field advise? The fact is that we were shown a project that was constructed which convinced us to buy and all of a sudden we find out that there is nothing being constructed. We have been cheated by all the sales people in Dynasty however, my point is do you really think we can get our money back?
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