Former Enron CEO Jeff Skilling is scheduled to be resentenced this morning after a federal appeals court determined Judge Sim Lake had inappropriately added an enhancement to Skilling’s 24-year sentence for “jeopardizing a financial institution.”. Skilling’s resentencing comes as his attorneys have filed for an appeal before the US Supreme Court.
One legal expert who has worked on ,other Enron case says the SCOTUS appeal will probably not affect the resentencing at all; in other words, Skilling can be resentenced and still appeal to the Supreme Court with his original complaint, which is that the government wrongfully tried him under a theory of Honest Services. The Fifth Circuit reversed itself in Skilling’s case and Skilling is asking for clarification of the law.
I will update with resentencing news as details become available.
I hope they reduce his sentence down to at least Andy Fastow’s sentence. His 24 year sentence is considered by me to be cruel and unusual punishment. The justice system has not figured out how to handle these type of cases. They take the main culprit, make him plea bargin and go after the CEO and President of the company that has over 25000 employees. The system is set up that way. The CEO doesnt know nor does he have the time to make sure every single person is doing right especially in the management team. Capitalism has set up the auditors and lawyers and these companies are supposed to rely on their information. They are the experts. Enough rambling! Good luck Mr. Skilling
What ever happened? I haven’t been able to find anything.
Thank you.
The date was actually removed from the calendar months ago. The resentencing didn’t happen – and won’t until the case goes before the Supreme Court.