IPFS News Link • Criminal Justice System
Why Ex-Enron Chief Jeff Skilling Might Get Out Of His 24-Year Sentence
• Business InsiderCNBC, which broke the news, reports that an appeals court ruled in 2009 that his 24-year prison term was too long.
However, Skilling was never resentenced because of delays in the appeals process.
In the meantime, his attorneys have made plans to ask for a new trial based on alleged misconduct of the Enron Task Force. If the feds cut a sentencing deal with Skilling, CNBC points out, they could avoid the embarrassment of a retrial.
In October 2006, Skilling, then 52, was sentenced for his role in the massive accounting fraud that caused Enron's spectacular collapse. (The fraud led to much stricter accounting standards under the Sarbanes-Oxley Act.)
