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Related: About this forumEnron 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.
Skilling, now 65, 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.
https://www.dallasnews.com/news/courts/2019/02/21/enron-swindler-jeffrey-skilling-freed-texas-halfway-house-after-12-years-behind-bars
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underpants
(183,043 posts)mucifer
(23,628 posts)who is not a fan of his little brother and has been sounding the alarms on climate change.
HubertHeaver
(2,522 posts)I remember both he and "Roger-the-Weather-Dodger" discussing the distinction between weather and climate with a rather dismissive on-air radio host.
MyOwnPeace
(16,955 posts)Certainly has all of the proper background and experience to fit in well with IQ45's cabinet!
TexasProgresive
(12,165 posts)2naSalit
(86,963 posts)fresh outta the slammer.