Shelby’s attorney, Edwin Tomko, describes his client as the “last man standing.” He says the sentencing effectively brings the Enron saga to a close.
“Enron was a unique case at a unique time, and I think that that’s behind us now, and the country’s moved on to other issues.”
Shelby pled guilty to insider trading last November. His two year probation includes a three month stay at a halfway house and a further three months of home confinement.
This marks the end of Shelby’s second trial. His first ended in a mistrial in 2005.