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Thursday, October 22, 2020
Energy Ex-Enron CEO moved from federal prison to halfway house

Ex-Enron CEO moved from federal prison to halfway house

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HOUSTON (AP) — Former Enron Corp. CEO Jeffrey Skilling has been moved from a federal prison to a halfway house.

The Houston Chronicle reports federal officials won’t say where the halfway house is situated. According to the U.S. Bureau of Prisons website, Skilling is scheduled for release in February.

The 64-year-old Skilling was initially sentenced in 2006 to 24 years in prison and fined $45 million for multiple counts of securities fraud, conspiracy and other crimes. In 2013, the sentence was reduced to 14 years.

Houston-based Enron collapsed into bankruptcy in 2001 after years of illicit business deals and accounting tricks that put more than 5,000 people out of work, eliminated over $2 billion in employee pensions and rendered worthless $60 billion in Enron stock.

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Information from: Houston Chronicle, http://www.houstonchronicle.com

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