Former Enron executive Jeffrey Skilling begins his prison sentence
Today Jeffrey Skilling, the 53-year-old former CEO of Enron, reported to prison in Waseca, Minnesota. He begins his sentence of 24 years and 4 months in a low-security Federal Correctional Institution. Skilling’s conviction includes federal charges of fraud, conspiracy, and insider trading.
Skilling had hoped to put off his prison sentence while pursuing an appeal of his conviction, but a judge denied that request. He will have access to recreational facilities at the prison, but may be required to work a prison job which pays 12 to 40 cents per hour.
Tags: Enron, prison, fraud, conspiracy, insider trading
