Enron Swindler Jeffrey Skilling Freed From Texas Halfway House After 12 Years Behind Bars

Former Enron Corp. CEO Jeffrey Skilling has been released from federal custody after more than a decade behind bars. Skilling, convicted in 2006 over one of the worst corporate meltdowns in history, was freed Thursday after 12 years in a minimum-security Alabama prison camp and six months in a Texas halfway house.In 2006, the 65-year-old was sentenced to 24 years in prison and fined $45 million for multiple counts of securities fraud, conspiracy and other crimes. In 2013, the sentence was reduced to 14 years. Houston-based Enron collapsed into bankruptcy in 2001 after years of illicit business deals and accounting tricks that put more than 5,000 people out of work, eliminated over $2 billion in employee pensions and rendered worthless $60 billion in Enron stock.From The Associated Press  Continue reading...

Copyright The Dallas Morning News
Contact Us