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Latest Jeffrey Skilling Stories

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2009-07-30 10:48:16

U.S. District Judge Sim Lake has a second shot at sentencing former Enron chief Jeffrey Skilling after an appeals court tossed out a 24-year sentence. A panel of three judges in New Orleans upheld Skilling's fraud conviction in January, but ruled Skilling's conduct did provoke the collapse of a financial institution, a factor that had been considered in his previous sentence. The appeals court also said Skilling's trial was fair, but should have been conducted outside of Houston, where...

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2009-03-12 08:02:36

The case against New York trader Bernard Madoff may be the kickoff for an open season of prosecuting executives for fraud, a top fraud attorney said. It's going to be open season. You'll see a lot more indictments down the road, Daniel Petrocelli, whose clients include former Enron Chief Executive Officer Jeffrey Skilling, said to The New York Times. U.S. President Barack Obama's federal budget includes increase spending for the FBI to tackle white-collar crime and a 13 percent budgetary...

2009-01-06 14:35:02

A federal court in New Orleans ordered a new sentencing trial for former Enron Chief Executive Officer Jeff Skilling, while upholding his 19 convictions. A three-judge panel at the U.S. 5th Circuit Court of Appeals said Judge Sim Lake, who sentenced Skilling to 24 years in prison, erred by using the wrong guidelines in his sentencing, the Houston Chronicle reported Tuesday. The panel, however, upheld all of Skilling's convictions, in spite of his lawyers' use of an argument that has been...

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2008-09-10 09:05:00

By Juan A. Lozano / Associated Press Enron Corp. shareholders and investors will split about $7 billion from financial institutions accused of participating in the fraud that caused the once-mighty energy company to collapse. The settlement amount was listed at $7.2 billion, a sum that has been accruing interest since 2002 and includes $688 million plus interest in attorneys fees. The deal, approved late Monday by U.S. District Judge Melinda Harmon, and the attorneys fees are the largest...

2008-09-01 15:00:17

By KING, David WHAT THEY TEACH YOU AT HARVARD BUSINESS SCHOOL: MY TWO YEARS INSIDE THE CAULDRON OF CAPITALISM by Philip Delves Broughton. Penguin/Viking, 304pp, $37. Reviewed by David King. . Ever wondered what the heart of capitalism, the school where captains of industry are nurtured, looks like? Philip Delves Broughton found the heart at Harvard Business School and he turned what he discovered into a great read. Broughton was a British journalist who had a career crisis after...

2006-10-24 06:00:14

By Greg Farrell HOUSTON -- A federal judge sentenced Jeffrey Skilling, the lead architect of the complex fraud that was Enron, to 24 years in prison Monday, bringing closure to a massive federal effort to identify and punish the perpetrators of the biggest accounting fraud in history. Declaring that Skilling "repeatedly lied to investors," U.S. District Judge Sim Lake rejected defense arguments that seven to 10 years in prison would be sufficient. Instead, he gave Skilling, 52, one of...

2006-08-02 09:00:27

NEW YORK (Reuters) - A federal appeals court has overturned most of the convictions against four former Merrill Lynch bankers concerning a bogus deal with Enron Corp. The four men and one former Enron executive were convicted in November 2004 of conspiracy and fraud charges connected to the sham sale in 1999 of three electricity producing barges in Nigeria by Enron to Merrill. A jury in the case had agreed with prosecutors that Enron had illegally used the deal to inflate its profits...

2006-08-02 05:19:40

NEW YORK (Reuters) - A federal appeals court has overturned most of the convictions against four former Merrill Lynch bankers concerning a bogus deal with Enron Corp. The four men and one former Enron executive were convicted in November 2004 of conspiracy and fraud charges connected to the sham sale in 1999 of three electricity producing barges in Nigeria by Enron to Merrill. A jury in the case had agreed with prosecutors that Enron had illegally used the deal to inflate its profits...

2006-07-19 17:25:46

HOUSTON (Reuters) - Enron's founder Kenneth Lay had severely clogged arteries when he died in Colorado earlier this month while awaiting sentencing for his role in the collapse of the energy company, according to an autopsy report made public on Wednesday. The autopsy showed that three of Lay's arteries were 90 percent blocked. The examination was performed by forensic pathologist Robert Kurtzman, who previously told reporters that Lay died of cardiovascular disease. It also showed...


Word of the Day
cenobite
  • One of a religious order living in a convent or in community; a monk: opposed to anchoret or hermit (one who lives in solitude).
  • A social bee.
This word comes from the Latin 'coenobium,' convent, which comes from the Greek 'koinobios,' living in community.
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