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The former CEO of Enron Corp., Jeffrey Skilling, was released after more than a decade behind bars.
Skilling, sentenced in 2006 for one of the worst corporate outbursts in his history, was released Thursday after 12 years in a minimum security prison camp in Alabama and six months in a halfway house in New York. Texas.
Now 65 years old, Skilling has been sentenced to 24 years in prison and fined $ 45 million for several counts of securities fraud, conspiracy and other crimes. In 2013, the sentence was reduced to 14 years.
Enron, in Houston, went bankrupt in 2001 after years of illicit business transactions and accounting tricks that put more than 5,000 people out of work, eliminated more than $ 2 billion in employee pensions and made no worth $ 60 billion in Enron shares.
From the Associated Press
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