Skilling Freed from Prison

Former Enron CEO Jeffrey Skilling was released from an Alabama prison.  According to the US Bureau of Prisons, he was transferred to a halfway house in an undisclosed location. 

The 64-year old Skilling was among those found guilty of defrauding investors in what is still one of the largest bankruptcies in US history.  In 2006 he was sentenced to 24-years in prison and a 45-million dollar fine. 

The sentence was reduced by a plea deal five years ago.  He was re-sentenced to 14-years in exchange for dropping all his appeals.

Enron founder Kenneth Lay was also convicted of conspiracy and fraud.  He died of a heart attack six weeks after the trial.  A federal judge later threw out the conviction.

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