A federal judge slashed 10 years
off of his prison sentence of former Enron Corp Chief Executive Jeffrey
Skilling on Friday, a decision that could set him free as early 2017.
U.S. District Judge Simeon Lake reduced his term to 14 years from 24 years, accepting a deal struck between prosecutors and Skilling's lawyers that will end years of appeals.
U.S. District Judge Simeon Lake reduced his term to 14 years from 24 years, accepting a deal struck between prosecutors and Skilling's lawyers that will end years of appeals.
Under the deal, more than $40
million of Skilling's fortune, which has been frozen since his
conviction in 2006, will be distributed to victims of Enron's collapse.
"This is not an easy decision,"
Lake told the hearing before he acknowledged both the gravity of
Skilling's crimes and his charitable works in Houston, and in prison,
where he reads to a blind inmate and teaches English and Spanish. He has
also held a job fair for inmates about to be released.
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