Ex-Enron Ceo Gets More Than 24 Years in Prison: ; Skilling to Lose $60 Million in Assets
Charleston Gazette › October 24, 2006
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Summary
HOUSTON - Former Enron CEO Jeffrey Skilling was ordered Monday to serve 24 years and four months in prison, the harshest punishment by far in Enron's scandalous collapse and one that capped a string of tough sentences for top executives in corruption cases.
U.S. District Judge Sim Lake denied Skilling's request for bond and ordered him to home confinement, wearing an ankle monitor. Lake, who told the U.S. Bureau of Prisons to recommend when Skilling should report to prison, suggested the 52-year-old be sent to the federal facility in Butner, N.C., for his role in a case that came to symbolize corporate fraud in America.See the full content of this document
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Ex-Enron Ceo Gets More Than 24 Years in Prison: ; Skilling to Lose $60 Million in Assets
"His crimes have imposed on hundreds if not thousands a life sentence of poverty," Lake said.
The former chief executive officer will be eligible to shave up to 54 days a year off his sentence for good behavior in prison. Lake also ordered Skilling to undergo alcohol and mental-health counseling. A successful completion of that treatment would take...See the full content of this document
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