Loading ...If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
Enron’s former CEO was sentenced to 24.3 years today for his role in ripping off thousands of people and bringing Enron to its knees. Sure it will probably turn out to be some cushy, white collar prison where they have tennis courts or something but it’s also better than nothing.
U.S. District Court Judge Sim Lake sentenced Skilling today at a hearing in Houston after listening to testimony of seven victims of the Enron fraud. A jury convicted Skilling, 52, in May on 19 counts of fraud, conspiracy and insider trading after a four-month trial. He faced a range of 24 to 30 years in prison.
“In terms of remorse your honor, I can’t imagine more remorse,” Skilling told Lake before he was sentenced. “That being said your, your honor, I am innocent of these charges. I am innocent of every one of these charges.”
We can only hope that robber baron prison justice is extremely similar to child molester prison justice.
Let the civil suits roll.
Enron’s Skilling Sentenced to 24 Years in Prison for Fraud [Bloomberg]
—admin
Subscribe to Metadish using an 
Post a Comment