Enron’s Skilling gets more than 10 years cut off sentence

[The Straight Story]

Former Enron CEO Jeff Skilling had more than 10 years cut off his 24-year prison sentence today after a federal judge signed off on an agreement between the disgraced Houston executive and federal prosecutors.

Skilling, 59, could be released as early as 2017.

Skilling, in turn, agreed to drop his ongoing appeals and surrender any claim on the $40 million that had been seized by the government after his indictment for wire fraud, insider trading, conspiracy and related charges stemming from the 2001 collapse of one of Houston's leading companies.

The agreement between prosecutors and Skilling's attorney was announced last month.

That his sentence was going to be reduced was known for some time, as appeals courts ruled that one of the theories of the prosecution was not valid, and that one of the factors used to enhance the length of his sentence was improper. But it was unclear precisely what the sentence would have been as Skilling continued to fight to clear his name of criminal wrongdoing.

http://www.chron.com/business/article/Enron-s-Skilling-gets-more-than-10-years-cut-4614150.php

[Mr. David]

1. It will give California time to prepare for extradition to California and have him

found guilty for manipulation of state resources, and sentenced to 25 years to life, without any chance of parole, and exempt from the U.S. Supreme Court order to release prisoners due to overcrowding.

[ZRT2209]

2. give the $40M to the people whose retirement accounts he destroyed

[Lasher]

3. I have little respect for our criminal 'justice' system.

This is one example that inspires this sentiment.

[xchrom]

4. Ah well. Here's hoping California fares better

Putting that POS away for a long, long time.

[dawg]

5. Let me know when he gets out.

He owes me money.

[bvar22]

6. So "they" are going to Lighten Up on Ken Lay's patsy?

On an island retreat somewhere, Kenny Boy Lay is worried.
The LAST thing Kenny Boy needs is his bag holder getting out of jail.