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Imprisoned Enron CEO resentenced to 14 years, ordered to pay $42 million to fraud victims

Thousands of workers who lost their employment and retirement pensions in the massive Enron fraud scheme more than a decade ago may soon see some relief. A U.S. District in Houston has resentenced former Enron CEO Jeffrey Skilling to 14 years (168 months) in prison on multiple conspiracy, securities fraud, and other charges that led to the company’s collapse, and ordered him to forfeit approximately $42 million, which will be applied toward restitution of the victims of the giant fraud scheme. Skilling’s convictions stemmed from an elaborate scheme to deceive investors, the U.S. Securities and Exchange Commission (SEC), and others ... Read More