Former Enron CEO’s sentence cut

Published 5:00 am Saturday, June 22, 2013

Former Enron Chief Executive Jeffrey Skilling got 10 years sliced off the prison sentence he received for his role in the spectacular demise of the energy giant and will go free as early as 2017.

U.S. District Judge Sim Lake in Houston announced at a hearing Friday that Skilling will serve 14 years instead of the 24 years he originally received. He was convicted in 2006 on 19 counts including insider trading, conspiracy and securities fraud.

Most Popular

A proposed sentencing agreement was submitted to the court this week. As part of the accord, Skilling has agreed to give up rights to further appeals and to let his convictions stand.

Marketplace