Investing News Blog

Tuesday, October 24, 2006

Enron's Jeffrey Skilling get 24 Years

Former Enron Chief Executive Jeffrey Skilling has been sentenced to twenty four years and four months. Federal Judge Sim Lake ordered the disgraced Enron executive to forfeit $45 million in ill gotten assets from his time at the giant energy trading company.

Lawyers for Jeff Skilling have filed an appeal which could drag on for many more months to come.

Skilling sentenced to 24 years, 4 months
"Lake also told Skilling to enroll in drug and alcohol rehabilitation programs and recommended that he eventually serve his time, if or when it comes that, at the federal penitentiary at Butner, N.C., near Durham, a medium-security facility with its own rehabilitation programs." Market Watch

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