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Former Enron CEO Jeffrey Skilling gets prison sentence cut
2 hours ago
Melissa Phillip / AP
Former Enron CEO Jeffrey Skilling arrives at the Bob Casey Federal Courthouse for a resentencing hearing Friday, June 21, 2013, in Houston.
One of the chief architects of oil giant Enron's epic collapse, former CEO Jeffrey Skilling, got a get-out-of-jail-early card Friday in a deal cut with federal prosecutors for his role in one of the biggest corporate scandals ever.
Skilling's 24-year prison term was cut to 14 years. A federal appeals panel ruled in 2009 that the sentence handed down to Skilling, 59, by federal Judge Sim Lake three years earlier for fraud, insider trading and conspiracy was too harsh.
Former Enron CEO Jeffrey Skilling gets prison sentence cut
2 hours ago
Melissa Phillip / APFormer Enron CEO Jeffrey Skilling arrives at the Bob Casey Federal Courthouse for a resentencing hearing Friday, June 21, 2013, in Houston.
One of the chief architects of oil giant Enron's epic collapse, former CEO Jeffrey Skilling, got a get-out-of-jail-early card Friday in a deal cut with federal prosecutors for his role in one of the biggest corporate scandals ever.
Skilling's 24-year prison term was cut to 14 years. A federal appeals panel ruled in 2009 that the sentence handed down to Skilling, 59, by federal Judge Sim Lake three years earlier for fraud, insider trading and conspiracy was too harsh.