Wednesday, April 24, 2024

Saving Skilling

Section:

Jeffrey Skilling gets 10 years sliced off his sentence

 

The disgraced Enron chief executive officer Jeffrey Skilling has been in jail since 2006. This week 10 years has been cut off his 24 year jail sentence and now, after agreeing to pay £27 million to victims of his company’s collapse, he could be out by the end of the decade.

 

Jeffrey Skilling
Jeffrey Skilling

Convicted on 19 counts of securities fraud, conspiracy, insider trading and lying to auditors, this shady businessman has pulled off quite a stunt in a manoeuvre he’s been working on since 2009.

 

Skilling’s original sentence has previously been described by CNBC’s John Carney and Jeff Cox as “one of the harshest sentences ever handed down for a white-collar crime”. The duo have also been at pains to point out that he got “13 more years than Al Capone”.

 

What these apologists don’t remember is the damage, as pointed out by Justice Sonia Sotomayor, that Skilling and his cronies Andrew Fastow and Kenneth Lay did:

 

“For Houstonians, Enron’s collapse was an event of once-in-a-generation proportions. Not only was the volume of media coverage immense and frequently intemperate, but the sheer number of victims created a climate in which animosity toward Skilling ran deep and the desire for his conviction was widely shared”.

 

As part of the deal Skilling struck he will not be entitled to appeal again. Having denied his crimes until now, finally, this crook has had to accept what he truly is.

 

 

Subscribe to our free once daily email newsletter here.

The Steeple Times
The Steeple Times
We research and background check our articles. If you believe we have made and error in some detail please get in touch, we seek always to write the truth and stand against a press owned by a self selected few. Please help us, we will accept all your likes, subscriptions and anonymous suport. The Editor and his team at the Steeple Times.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

£1 per week Supports The Steeple Times

Help journalism to remain honest & independent. You can make a difference to the world today.

3,573FansLike
2,068FollowersFollow
16,731FollowersFollow
4,962SubscribersSubscribe

Subscribe For DAILY NEWS

Please subscribe, like and share this unique site, it helps us tremendously. The Steeple Times in return will send you an email at noon each and everyday, that we sincerely hope you will enjoy & look forward to seeing in your inbox.

AD
Advertisement

Trending Now

Morons of the Moment 2024 – Filthy Fylde Conservative Association

As man-pestering Mark Menzies, the MP they have supported since 2008, is exposed for yet more sordid sexual shenanigans, the Fylde Conservative Association yet again prove themselves a bunch of nutty nincompoops by sharing tweets about “vile degenerates” making “sexually explicit” comments.

Lettuce & Jam – Which’ll end up having lasted longer? The Liz Truss lettuce or Meghan Markle’s jam?

As meddling minx Meghan Markle gets mocked about her jaunt into jam and loopy lettuce-loathing loon Liz Truss gets mocked about bumbling like a buffoon about her book, Samantha Markle speaks exclusively to ‘The Steeple Times’ about her soppy, self-centred sister.

Most Popular Articles

The Phil & Matt Show

Phillip Schofield filmed smoking shisha with his alleged ex-lover Matt McGreevy (and pictured in bed thereafter); another image shows the pair together in photograph...

Was Mucky Minx Meghan Markle A ‘Yacht Girl’ For ‘Randy Andy’?

As author Kirby Sommers suggests that the then Meghan Markle likely spent time with Prince Andrew and Jeffrey Epstein before she met Prince Harry, we again highlight the mucky, murkiness and mendacious manner of this alleged “yacht girl.”

SchofieldLite

‘Politicalite’ suggest Phillip Schofield orchestrated his ‘mass coming out’ after a former ‘This Morning’ runner had gone to the press about a supposed relationship...

Meddling Meghan Markle Expose – Attwood, Hopkins & Steeples

Expose interview with Matthew Steeples by Shaun Attwood and Jennifer Hopkins about the former Meghan Markle watched over 73,000 times in 16 hours since it aired; Steeples condemns hapless Prince Harry and his meddling menace wife.

Ampika Pickston

Oldham born divorcee and former glamour model Ampika Pickston describes herself as “feisty, fun loving and warm hearted”. Now based in Hale Barns, Cheshire...

Justice for James Scurlock

Power of social media proven after senseless killing of James Scurlock in Omaha, Nebraska allegedly by a controversial bar owner named Jake Gardner who has been photographed with Donald Trump.

Nasty NestSeekers

Entitled Hamptons brat Jonathan Davis exposed for allegedly squatting in Sag Harbor during the coronavirus lockdown; it turns out he’s a realtor with NestSeekers.
[td_block_6 custom_title="Most Liked..." sort="popular7"]