Ex-Enron CEO Jeff Skilling's Sentence Cut to 14 Years
by: Andrew Schneider, June 21, 2013 4:06:00 pm
Skilling’s new prison term was the minimum allowed under federal guidelines. He was originally sentenced to more than twenty-four years.
Daniel Petrocelli, Skilling’s lead defense attorney, says that — with credit for good behavior and other factors — the former Enron chief may be released as early as 2017.
“With the various reductions that apply to the sentence, given the time that he’s already served, we’re going to mark our calendar about four years from now, when we hope to pick him up”
The deal to reduce the sentence brings to an end a long series of appeals by Skilling’s legal team. It will free up $41 million in assets seized from Skilling’s estate, allowing for their redistribution to Enron victims.