Former Enron CEO Skilling in deal to cut prison term by 10 years


NEW YORK: Jeffrey Skilling, the former Enron Corp chief executive, could be freed from prison nearly a decade sooner than originally expected, under an agreement with federal prosecutors to end the last major legal battle over one of the biggest corporate frauds in U.S. history.

The agreement calls for Skilling to see his federal prison sentence reduced to as little as 14 years, down from the 24 years imposed in 2006. It could result in Skilling's freedom in late 2018, with good behavior.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Former Enron CEO , Dea , Prison term

Next In Business News

Chile’s hot for investors
Don’t bend lending rules for power boom
Sarawak fine-tunes hydrogen ambition
A conflict that’s set to hurt margins
Stocks not doomed in stagflation
Staying rational in volatile times
Joe Holding swaps batteries for bites
Private-credit strain spreads�
AI rewrites Bollywood’s script
A strain on supply chains�

Others Also Read