Prison sentence for Enron CEO Jeffrey Skilling slashed by 10 years

Yea, the mis-directions and lies of the company rested on him and other management officers. This was years of methodical thinking that led to scams tricking investors. 10 years reduced, geez

THE INTERNET POST

Prison sentence for Enron CEO Jeffrey Skilling slashed by 10 years

21 Jun 2013 One of the country’s most notorious financial scandals came to a protracted legal conclusion Friday as ex-Enron CEO Jeffrey Skilling — already in prison for his role in the once-mighty energy giant’s collapse — was resentenced to 14 years as part of a court-ordered reduction and a separate agreement with prosecutors. Skilling has been in prison since 2006, when he was sentenced to more than 24 years by U.S. District Judge Sim Lake. But an appeals court vacated his prison term in 2009, ruling that a sentencing guideline was improperly applied…The Justice Department said that in an effort to resolve a case that’s gone on for more than 10 years, it agreed to an additional reduction of about 20 months as part of a deal to stop Skilling from filing any more appeals.

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