The New York Post - Former Enron CEO released from prison after 12 years

Prison Window

Jeffrey Skilling, the CEO of Enron ahead of its stunning collapse, has been released from prison after serving 12 years of a 24-year sentence.

The New York Post reports that The Federal Bureau of Prisons confirmed Skilling was released on Thursday but, for privacy reasons, declined to provide details. In August, Skilling, now 65, was moved from an Alabama prison camp to a halfway house in Houston.

Skilling, who left Enron four months before it filed for bankruptcy in 2001, helped transform the regional pipeline operator into the country’s largest wholesaler of gas and energy.

But he also oversaw the massive accounting fraud that set up its demise, costing 5,600 workers their jobs and wiping out $2 billion of their pension plans.

Hit the link below to access the complete New York Post article:

Jeffrey Skilling released from prison after 12 years

Buffett’s Berkshire Hathaway lost $4B after Kraft Heinz earnings report

 

Have something to tell us about this article?

JefferiesAnd the Best Place to Work in the global financial markets 2018 is...