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(Newser)
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He spent a dozen years in prison for his role in the Enron scandal. Today, the former CEO of the energy company has become a free man again, according to Reuters. The Prisons Bureau said Jeffrey Skilling – who had been convicted in 2006 for securities fraud, insider trading and conspiracy, among others – was released Thursday from federal custody, although few details have been given, Houston Chronicle reports. The 65-year-old man had been transferred to a prison camp in Alabama, Texas, in August, where he was reportedly incarcerated in a Houston residential rehabilitation center.
Skilling was originally sentenced to 24 years in prison, but this sentence had been reduced to 14 years in 2013 as part of an agreement with prosecutors. He was also fined $ 45 million, which in total was the most severe sentence imposed on an Enron officer. Enron's founder, Kenneth Lay, who was also convicted of conspiracy and fraud, died of heart problems at the age of 64, just weeks after the trial closed, but before sentencing. According to the AP, the collapse of Enron in 2001 resulted in the disappearance of more than $ 2 billion in employee pensions, the Enron stock and the departure of 5,000 unemployed people. (The Skilling son, of university age, was found dead in 2011.)
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