How long will jeffrey skilling be in jail

Politics Covid U. News World Opinion Business. Share this —. Skilling was resentenced to 14 years as part of a court-ordered reduction and a separate agreement with prosecutors. He was released in February These Texas companies ranked among the best employers of veterans. Multiple Texas companies have made the list of employers that are making efforts to support current and former military personnel.

In the absence of this agreement, the parties anticipate substantial ongoing litigation. By the terms of this agreement, [Skilling's] convictions will become final. This article is more than 8 years old. Skilling is escorted from the federal courthouse in Houston after being re-sentenced for his role in the energy giant's collapse.

They stressed that the project is in its early stages. No investors have put any money into the venture, though some individuals who provided input have been required to sign non-disclosure agreements. Skilling developed the idea as an inmate at a federal correctional facility in Montgomery, Alabama, and apparently worried for the rest of his sentence that someone else would come up with the idea before he got out.

Among those Skilling has been discussing his ideas with, the sources said, is Lou Pai, the former head of Enron's Energy Services division, now an industry consultant. Pai could not be reached for a comment. Contrary to other reporting, the sources told CNBC that the venture does not involve cryptocurrency or blockchain technology. And they said it is one of a number of paths Skilling is considering in hopes of returning to the industry he knows best.

But he abruptly resigned that August, citing personal reasons. By the fall of that year, the company fell into a death spiral sparked by the discovery of accounting irregularities, including questionable deals by Chief Financial Officer Andrew Fastow.