The Smartest Guys in the Prison: Enron Boss Goes for Early Release
Well earlier at any rate. Jeff Skilling former chief executive of Enron may see his 24-year sentence for fraud cut by ten years today after his case was re-examined by an appeal court. He was convicted three years ago after being found guilty of deceiving investors and employees about Enron’s fiscal health. “I am this clever” Enron, the Texas-based energy giant went bankrupt in 2001, after it emerged that senior executives were involved in accountancy fraud. Former ‘Big Five’ …
Well earlier at any rate. Jeff Skilling former chief executive of Enron may see his 24-year sentence for fraud cut by ten years today after his case was re-examined by an appeal court. He was convicted three years ago after being found guilty of deceiving investors and employees about Enron’s fiscal health.
“I am this clever”
Enron, the Texas-based energy giant went bankrupt in 2001, after it emerged that senior executives were involved in accountancy fraud. Former ‘Big Five’ firm Arthur Andersen also went down as a result.
Skilling is currently enjoying rounds of golf in a low security prison in Englewood, Colorado.
August 5, 2009
Advice to any would-be bank robbers, muggers and burglars on this site; stop physically threatening people – open a company and swindle investors. You make far more money and get a much more lenient sentence. That`s if you get caught. What`s not to like ?