Supreme Court to Hear Appeal of Enron’s Skilling Supreme
OPS_admin | Oct 13, 2009 | Comments 0
Court To Consider Throwing Out Convictions Of Former Enron CEO
The U.S. Supreme Court agreed Tuesday to consider former Enron Corp. Chief Executive Jeffrey Skilling’s challenge to his 2006 fraud conviction stemming from the spectacular collapse of the Houston-based energy company.
Mr. Skilling was convicted on charges of conspiracy, securities fraud, insider trading and lying to auditors. He was sentenced to 24 years in prison and ordered to forfeit $45 million.
A New Orleans-based federal appeals court affirmed Mr. Skilling’s conviction in January, though the court did rule that his prison sentence was incorrect and needed to be recalculated.
In his petition to the Supreme Court, Mr. Skilling argued the government prosecuted him under an invalid legal theory that he committed fraud by depriving the company of his “honest services.” Mr. Skilling said the government never made any allegations that his actions were motivated by personal gain.
Full Story: Supreme Court to Hear Appeal of Enron’s Skilling – WSJ.com.
Filed Under: Crime, Legal Issues
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" We the corporations" On January 21, 2010, with its ruling in Citizens United v. Federal Election Commission, the Supreme Court ruled that corporations are persons, entitled by the U.S. Constitution to buy elections and run our government. __________
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