Remember Jeff Skilling? Does your wayback machine reach that far back, or has it been polluted with inane crap from the telescreens?
In case there have been too many episodes of “America’s funniest Home Videos” crammed into your cranium, he’s the ENRON fall-guy who’s been imprisoned for shady financial transactions that cost American investors – including a large number of teachers – millions in investments when the company (which had ties to Dick Cheney) went bankrupt.
Co-conspirator Ken Lay “died of a heart attack” before he could be sentenced. Starting to ring a bell? Anyway, Skilling is about to be released from jail, as reported by CBS:
Former Enron CEO Jeffrey Skilling succeeded in getting his prison sentence reduced by 10 years as part of a court-ordered reduction.
U.S. District Judge Sim Lake of the Southern District of Texas announced at a hearing in Houston today that Skilling will serve 14 years. His original conviction called for him to serve 24 years in connection with the collapse of the once high-flying energy trading firm. Under the agreement with federal prosecutors, Skilling could be released as early as 2017.
In seeking to reduce the sentence, the government had emphasized that $40 million in restitution, currently held up as Skilling pursued appeals, would be released to victims.
“The sentence handed down today ends years of litigation, imposes significant punishment upon the defendant and precludes him from ever challenging his conviction or sentence,” Acting Assistant Attorney General Mythili Raman said in a statement after the re-sentencing hearing. “With today’s court action, victims of Skilling’s crimes will finally receive more than $40 million that he owes them.”
Sherron Watkins, who as a vice president at Enron first called attention to the energy trading company’s accounting problems, sounded a mixed note about the former CEO. “He’s paid a steep price,” she said, noting that Skilling’s father and son both died during his incarceration and that he was unable to attend their funerals.
Funny, many regular non-billionaire folk spend decades in jail for being caught with marijuana. This guy, who helped ruin countess lives with his criminal business practices, could be out by 2017.
Pissed off yet? Tune in tonight for more. Much morMike will recap all the madcap news of the week, and take your phone calls! Plus it is Friday so we’ll play political podcast trivia! One lucky Truthseeker with the correct answer to this evening’s trivia question will win a FREE subscription tot he premium Malloycast! If you, kind soul, would like to donate to this contest, click the “Podcast” tab above and give to a needy Truthseeker!
Follow us on Twitter #FF #Truthseeker @mikemalloyshow and Mike may read your Tweet on the air!
Check out the Progressive Voices app and listen on Tune In Radio to this and other liberal programs!
You can donate ANY amount via paypal! And the sponsorships allow you to be directly involved with the program! Get your message on the air without spending a fortune on radio advertising contracts!
Click the “sponsor” button above to advertise your small business or product to like-minded Truthseekers. You can support your local independent progressive broadcaster AND promote your cause or product at the same time! It’s a win-win!