Thursday, May 9, 2013

Former Enron boss Skilling in deal to cut prison term





Jeffrey Skilling, the former Enron 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 US 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 behaviour.









via Business feed http://www.scmp.com/business/companies/article/1233463/former-enron-boss-skilling-deal-cut-prison-term

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