Tag: Jeffrey Skilling

Enron's Jeffrey Skilling: Govt Agrees to Substantial Sentence Cut

The Government and Enron defendant Jeffrey Skilling have filed an agreement with the Court for Skilling's sentence to be reduced from 24 years (292 months)to somewhere between 14 and 17 years (168 to 210 months.) He will get credit for the time he served since December 13, 2006. (He may also get another six weeks credit for time spent on home confinement before he reported to prison, but that will be up to the Bureau of Prisons.)

I've uploaded the 7 page agreement here. [More...]

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5th Cir. to Hear Skilling's Enron Appeal

Bump and Update: White Collar Crime Blog is following the developments. The issues to be argued are these.

Update: Here' s a preliminary news report on the hearing.


Original Post

Former Enron CFO Jeff Skilling, serving a 24 year sentence in federal prison, has his day in the 5th Circuit Court of Appeals.

By all accounts, he has a very good chance of getting a reversal on most of the counts he was convicted on. [More...]

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Court: Skilling Must Report to Jail Immediately

Go directly to jail, do not pass Go, and forget about collecting $200. The 5th Circuit Court of Appeals took one day after yesterday's stay order to deliver that message to Enron's Jeffrey Skilling today.

Judge Patrick Higginbotham of the 5th U.S. Circuit Court of Appeals wrote in his two-page order that "Skilling raises no substantial question that is likely to result in the reversal of his convictions on all of the charged counts."

As a result, Higginbotham denied Skilling's request for bail pending his appeal and vacated an earlier order staying his prison report date.

Skilling must now report to the low security level federal prison at Waseca, MN to begin serving his 24 year sentence. Ouch. But the Judge gave Skilling a glimmer of hope for his appeal:

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Jeff Skilling Gets Last Minute Stay of Prison Sentence

Enron's Jeff Skilling caught a last minute break from the 5th Circuit Court of Appeals Monday. He won't have to report to his designated prison at Waseca, MN today.

Skilling has a motion for bail pending appeal under consideration and the Court ruled he can stay out until it is decided.

Skilling has been sentenced to 24 years.

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