Skilling sentenced to 24 years in prison (1 Viewer)

[danarhea]

They just announced the verdict a few minutes ago. Skilling, the Enron ripoff mastermind, will most likely die in prison. Serves him right.

Article is here.

 

[aps]

Former Enron CEO Skilling gets 24 years

Former Enron CEO Skilling gets 24 years
Convicted of fraud, disgraced executive insisted on innocence

HOUSTON - Former Enron CEO Jeffrey Skilling, the most vilified figure from the most notorious financial scandal of the decade, was sentenced Monday to 24 years, four months in prison, the harshest sentence yet in the case that came to symbolize corporate fraud in America.

He was the last top former official to be punished for the accounting tricks and shady business deals that led to the loss of thousands of jobs, more than $60 billion in Enron stock and more than $2 billion in employee pension plans when Enron collapsed.

Skilling, 52, stood alone at his sentencing before U.S. District Judge Sim Lake; his co-defendant, Enron founder Kenneth Lay, died July 5 and his convictions were vacated last week. . . .

http://www.msnbc.msn.com/id/15389150/

I am absolutely thrilled!!! May he enjoy his prison time. :lol:

 

[aps]

Sorry about double posting, danarhea. I really should leave the breaking news stuff to you. Woo hoo!

 

[danarhea]

Sorry about double posting, danarhea. I really should leave the breaking news stuff to you. Woo hoo!

You are getting better. I only beat you by about 30 seconds this time. LOL.

 

[aps]

You are getting better. I only beat you by about 30 seconds this time. LOL.

I'm always getting better, danarhea.

 

[Navy Seal Patriot]

Skilling, 52, stood alone at his sentencing before U.S. District Judge Sim Lake;

What? I thought buddies stick together? Not in this case--no more funds for the theory of "trickle down." lol.:lol:

Skilling, insisting he was innocent yet remorseful in a two-hour hearing

Of course everyone is innocent while in prison--this guy is smart.