Enron’ s Skilling gets a decade lopped off his prison sentence
22 June, 2013
Judge Simeon T. Lake III of Federal District Court in Houston, who oversaw Mr. Skilling’s trial in 2006, signed off on an agreement that will decrease his 24-year sentence to 14 years.
The reduction was driven in part by a 2009 appeals court ruling that ordered a recalculation of Mr. Skilling’s sentence because of a mistake made by the judge in interpreting the federal sentencing guidelines.
His wife, former Enron corporate secretary Rebecca Carter, as well as his brother, Mark Skilling, and sister, Sue Skilling, all wept when Lake announced the new sentence.
Former Enron Corp. Chief Executive Jeffrey Skilling challenged his 24-year sentence and, after a series of court rulings, struck a deal with federal prosecutors that would reduce his sentence to a range of 14 to 17.5 years, according to court documents filed by the Justice Department.
Skilling has spent more than six years in federal prison following his 2006 conviction in Enron’s massive corporate fraud.
Looking at Skilling and his choice of wives is fascinating. Some successful men who get richer and more powerful “trade up” for a newer or younger model, leaving the mother of their children for someone they believe better ornaments them and their rising world-beater status. That’s what it looks like Skilling did.
Feb. 4, 2011 John Taylor Skilling, Ex-Enron Chief’s Son, Dies of Possible Overdose. Jeffrey Skilling’s son was youngest of three children with his first wife, Susan Lowe, who grew up with his siblings — Kristen, 26, and Jeffrey, 25 — in the Houston area.