Enron chief gets jail cut

Former Enron chief executive Jeffrey Skilling (left) has had his prison sentence cut by 10 years after a US federal judge accepted a deal between his lawyers and prosecutors. Mr Skilling was serving 24 years in jail for conspiracy and fraud relating to the collapse of energy company Enron. As part of the deal, he will pay $42 million to the victims of the fraud. He will now leave prison in 2017.

By InvestSMART · 24 Jun 2013

By InvestSMART ·
24 Jun 2013

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Former Enron chief executive Jeffrey Skilling (left) has had his prison sentence cut by 10 years after a US federal judge accepted a deal between his lawyers and prosecutors. Mr Skilling was serving 24 years in jail for conspiracy and fraud relating to the collapse of energy company Enron. As part of the deal, he will pay $42 million to the victims of the fraud. He will now leave prison in 2017.

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Enron chief gets jail cut

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