Enron boss could see sentence cut

Convicted ex-Enron boss Jeffrey Skilling’s more than 24-year jail term for his role in the once mighty energy giant’s collapse could be reduced by as many as 10 years if a judge approves an agreement between prosecutors and defence lawyers.

Enron boss could see sentence cut

Convicted ex-Enron boss Jeffrey Skilling’s more than 24-year jail term for his role in the once mighty energy giant’s collapse could be reduced by as many as 10 years if a judge approves an agreement between prosecutors and defence lawyers.

Under the agreement, which US Justice Department officials say includes a previous court-ordered reduction of as much as nine years, Skilling’s original sentence will be reduced to somewhere between 14 and 17½ years.

It will also allow victims of Enron’s collapse to finally receive more than $40m (€30.5m) in compensation.

Skilling was convicted in 2006 on 19 counts of conspiracy, securities fraud, insider trading and lying to auditors for his role in the downfall of Houston, Texas-based Enron.

The company collapsed into bankruptcy in 2001 under the weight of years of illicit business deals and accounting tricks.

more courts articles

Man (25) in court charged with murdering his father and attempted murder of mother Man (25) in court charged with murdering his father and attempted murder of mother
Man appears in court charged with false imprisonment of woman in van Man appears in court charged with false imprisonment of woman in van
Man in court over alleged false imprisonment of woman Man in court over alleged false imprisonment of woman

More in this section

FILE PHOTO The Competition and Consumer Protection Commission has cleared the purchase of Goodbody Stockbrokers by AIB END Goodbody Stockbrokers fined over €1.2m by Central Bank over rules breaches
Nottingham City Centre Stock Irish staff at the Body Shop wait for wages as retailer shuts stores in the Republic
Ryanair comments on Norwegian Ryanair boss O'Leary's spat with Transport Minister over Dublin Airport escalates
IE logo
Devices


UNLIMITED ACCESS TO THE IRISH EXAMINER FOR TEAMS AND ORGANISATIONS
FIND OUT MORE

The Business Hub
Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Sign up
ie logo
Puzzles Logo

Play digital puzzles like crosswords, sudoku and a variety of word games including the popular Word Wheel

Lunchtime News
Newsletter

Keep up with the stories of the day with our lunchtime news wrap.

Sign up
Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited