Jeffrey Skilling

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Jeffrey Skilling

Jeffrey Keith Skilling (born November 25, 1953 ) is an American manager. He is the former CEO of Enron and headed the company from February to August 2001. More than 21,000 employees lost their jobs due to massive balance sheet fraud . Investors - including the Enron pension fund - lost billions of dollars.

Life

Skilling turned on February 19, 2004 the American federal agency FBI in connection with the fraud allegations against him and his predecessor at the head of the company, Kenneth Lay . In the following trial in May 2006, Skilling was found guilty by the jury on 19 of 28 charges against him. The maximum possible sentences for the individual offenses for Skilling theoretically added up to 185 years. The actual maximum sentence was a good 30 years. The sentence of 24 years and four months in prison was announced on October 23, 2006. In addition, he has to pay $ 45 million in compensation to investors . Skilling stuck to his account that he had not committed a crime and announced that he would seek a revision of the sentence for the rest of his life. He was serving his sentence at the Englewood Federal Correctional Institution in Jefferson County, south of Denver, Colorado. On January 6, 2009, a New Orleans appeals court upheld all 19 counts, but found the sentence to be too high because the sentencing judge had incorrectly summed up the total sentence. The sentence had to be determined again. According to experts, however, he could only expect a slight reduction and still face 15 to 19 years in prison. In June 2013, a Houston court confirmed that Skilling's prison sentence would be reduced by 10 years, from 24 to 14 years. This reduction in punishment came about through a deal by Skillings with the judiciary, which provided for a payment of 40 million US dollars to former investors and a waiver of further challenges to the 2006 judgment.

After it was announced that Skilling would be released from a closed detention center in Montgomery, Alabama in February 2019, it was released in August 2018 and he was transferred to the open prison in Texas.

Individual evidence

  1. ↑ https://www.theguardian.com/business/2009/jan/06/jeffrey-skilling-enron-fraud
  2. ↑ http://www.n-tv.de/wirtschaft/Ex-Enron-Chef-kom-frueher-raus-article10870366.html
  3. ^ Former Enron CEO Jeffrey Skilling released from prison. cbsnews.com, August 30, 2018, accessed September 27, 2018 .
personal data
SURNAME Skilling, Jeffrey
ALTERNATIVE NAMES Skilling, Jeffrey Keith (full name)
BRIEF DESCRIPTION American manager
DATE OF BIRTH November 25, 1953