Thursday, December 14, 2006

Skilling Begins Sentence for Enron Malfeasances

The once-upon-a-time top honcho of Enron, Harvard graduate, finance wiz started serving his 24 year month sentence where he is going to earn a few dollars per day working 7 1/2 hours as groundskeeper, food service worker or warehouseman.

Skilling Begins Sentence for Enron Malfeasances

By Carrie Johnson
Washington Post Staff Writer
Thursday, December 14, 2006; Page D01

Former Enron chief executive Jeffrey K. Skilling reported to a low-security federal prison in Minnesota yesterday to start serving a 24-year, six-month sentence for his role in one of history's biggest corporate scandals.

Skilling arrived at the facility in Waseca, about 75 miles south of Minneapolis, at 1:07 p.m. EST. Accompanying him in a sport-utility vehicle were his wife, Rebecca, his longtime assistant Sherri Sera and his younger brother Mark. Under federal guidelines, Skilling, 53, must serve at least 85 percent of his sentence -- or more than two decades. He is appealing his conviction by a jury in May on 19 counts of fraud, making false statements and conspiracy.

Read the entire story here.


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