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FEATURE – On this photo from Monday, April 17, 2006, former Enron executive Jeffrey Skilling is escorted to federal court for his first day of cross-examination in his fraud and conspiracy trial in Houston. Jeffrey Skilling, CEO of Ormer Enron Corp., was released on Thursday, Feb. 21, 2019. He is released after 12 years in prison and six months in a halfway house for his actions that led to the death. one of the worst collapses of societies. in the story. (AP Photo / Pat Sullivan, File)
HOUSTON – Former Enron Corp. CEO Jeffrey Skilling has been released.
Skilling was released Thursday after serving 12 years in prison and six months in a halfway house after being convicted for his actions that led to one of the worst collapses of history companies.
Aged 65, he was sentenced to 24 years in prison in 2006 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.
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