Showing posts with label Enron. Show all posts
Showing posts with label Enron. Show all posts

Tuesday, May 22, 2012

Convicted Enron CEO Skilling still appealing

AP  HOUSTON -- Convicted former Enron chief Jeffrey Skilling is contending newly discovered evidence should entitle him to a new trial.

The Houston Chronicle reports the nature of the evidence is not disclosed in a federal court motion filed last week by Skilling's attorney, Daniel Petrocelli. The lawyer is seeking more time for an appeal of Skilling's conviction and prison term related to the 2001 implosion of the former Houston-based energy giant.

Skilling already has lost other appeals at the U.S. Supreme Court. He's serving 24 years in federal prison although a federal appeals court has ruled sentencing guidelines improperly were applied in his case. That could mean an eventual reduction in his prison time.

U.S District Judge Sim Lake, who presided over Skilling's trial, is to hold a hearing June 7.

(Copyright ©2012 by The Associated Press. All Rights Reserved.) Get more Local »


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Wednesday, May 18, 2011

Former Enron exec Fastow moved to Houston halfway house

  HOUSTON (KTRK) -- Former Enron executive Andrew Fastow is out of prison and back in Houston.

Published reports say Fastow was moved from a prison in Louisiana to a halfway house in the Houston area. He's expected to remain there until December. Fastow was considered the mastermind behind the financial schemes that led to Enron's downfall.

He pleaded guilty to conspiracy charges in 2006 and was sentenced to six years in prison.

Fastow received a reduced sentence for testifying against former Enron CEO Jeff Skilling and Kenneth Lay. Lay and Skilling were convicted of fraud and conspiracy. Lay died before going to prison. Skilling awaits resentencing after the supreme court overturned his 24 year sentence.

(Copyright ©2011 KTRK-TV/DT. All Rights Reserved.) Get more Local »


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