Ex-Enron CEO Jeff Skilling's Sentence Cut to 14 Years

Jeffrey Skilling was re-sentenced at Houston's federal courthouse this afternoon. The former Enron CEO was given a new sentence of fourteen years in prison.

Skilling’s new prison term was the minimum allowed under federal guidelines. He was originally sentenced to more than twenty-four years.

Daniel Petrocelli, Skilling’s lead defense attorney, says that — with credit for good behavior and other factors — the former Enron chief may be released as early as 2017.

“With the various reductions that apply to the sentence, given the time that he’s already served, we’re going to mark our calendar about four years from now, when we hope to pick him up”

The deal to reduce the sentence brings to an end a long series of appeals by Skilling’s legal team. It will free up $41 million in assets seized from Skilling’s estate, allowing for their redistribution to Enron victims.


Andrew Schneider

Andrew Schneider

Business Reporter

Andrew Schneider joined News 88.7 in January 2011. Since arriving in Houston, he has reported on the many changes wrought on the region’s economy by the revolution in domestic oil and gas production. His non-energy reporting runs the gamut from white-collar crime to cattle ranching. His work has aired on...

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