HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » Skilling out of prison; s...

Fri Aug 31, 2018, 06:11 AM

Skilling out of prison; sent to halfway house in undisclosed location

Source: Houston Chronicle

Jeffrey K. Skilling, the former Enron CEO sentenced to a long prison term for his role in one of most notorious corporate fraud cases in history, was recently released from a minimum security federal prison camp in Alabama to a halfway house at an undisclosed location.

Enron's spectacular collapse cost investors billions of dollars and wiped out the retirement savings not to mention the jobs of thousands of employees. Skilling, 64, was convicted of 12 counts of securities fraud, five counts of making false statements to auditors, one count of insider trading and one count of conspiracy in 2006 for his role in hiding debt and orchestrating a web of financial fraud that ended in the Houston company's bankruptcy.

He was sentenced to 24 years in prison and fined $45 million, the harshest sentence of any former Enron executive. Five years ago, Skilling's sentence was reduced to 14 years by U.S. District Judge Sim Lake. He is scheduled to be released Feb. 21, 2018, according to the Bureau of Prisons.

Federal prisoners are often released from prison several months early to a halfway house, a highly restricted dormitory-like setting that helps inmates ease back into society. They must maintain curfews, find work and stay out of trouble. A. Kelley, assistant residential re-entry manager for the Bureau of Prisons in San Antonio, said the bureau would not say where Skilling is living.

Read more: https://www.chron.com/business/energy/article/Skilling-out-of-prison-sent-to-halfway-house-in-13194674.php

11 replies, 2586 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 11 replies Author Time Post
Reply Skilling out of prison; sent to halfway house in undisclosed location (Original post)
TexasTowelie Aug 2018 OP
2naSalit Aug 2018 #1
Snellius Aug 2018 #2
IronLionZion Aug 2018 #4
Submariner Aug 2018 #3
DownriverDem Aug 2018 #5
TexasTowelie Aug 2018 #10
forgotmylogin Aug 2018 #6
marble falls Aug 2018 #7
FSogol Aug 2018 #8
peekaloo Aug 2018 #9
Hotler Aug 2018 #11

Response to TexasTowelie (Original post)

Fri Aug 31, 2018, 06:23 AM

1. K&R for visibility!!

Reply to this post

Back to top Alert abuse Link here Permalink


Response to TexasTowelie (Original post)

Fri Aug 31, 2018, 06:46 AM

2. Remember when Dick Cheney defended these crooks when CA was blacked out.

He went on the Sunday talk shows explaining it was just because of the law of supply and demand. Too bad he never got sent behind bars.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Snellius (Reply #2)

Fri Aug 31, 2018, 07:32 AM

4. I thought it was because of socialism

Many wingnuts think California got way too liberal for their own good so there wasn't enough power produced by the socialist government owning the means of production. Things got better once the private corporations bailed them out.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to TexasTowelie (Original post)

Fri Aug 31, 2018, 07:03 AM

3. Reich wing judge appointed by Reagan

And Chuckie Schumer just gave Trump the okay to install 15 more of these judicial shit stains without just cause.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to TexasTowelie (Original post)

Fri Aug 31, 2018, 08:20 AM

5. Release Date

I think the date should be 2/21/19?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to DownriverDem (Reply #5)

Fri Aug 31, 2018, 09:36 AM

10. Yes, I saw that also.

The writer is probably one of those people that puts the wrong date on his checks during January and February of each year.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to TexasTowelie (Original post)

Fri Aug 31, 2018, 08:25 AM

6. Does this happen a lot for Federal prisoners?

Or is this CEO "white glove" treatment?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to forgotmylogin (Reply #6)

Fri Aug 31, 2018, 08:38 AM

7. Rule of thumb is its better to let the Feds get if you have a choice between the Fed and ...

state authorities.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to TexasTowelie (Original post)

Fri Aug 31, 2018, 08:57 AM

8. Wonder what Trump Cabinet he'll take over? n/t

Reply to this post

Back to top Alert abuse Link here Permalink


Response to FSogol (Reply #8)

Fri Aug 31, 2018, 09:03 AM

9. The Trump Foundation may need a temporary CFO.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to TexasTowelie (Original post)

Fri Aug 31, 2018, 11:18 AM

11. Meanwhile, the fuckers that caused the collapse in 2008 walk free.

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread