Jeffrey Skilling to stay out of prison while it considers granting him bail, according to a report published on the Wall Street Journal's Web site on Monday.
Skilling was scheduled to report to a federal prison in Minnesota on Tuesday to begin a 24-year sentence for his role in hiding Enron's financial condition from investors as the company's fortunes eroded prior to its 2001 collapse.
Skilling attorney Daniel Petrocelli told the paper he found out Monday evening the Fifth U.S. Circuit Court of Appeals would allow Skilling to remain under house arrest while it considers granting him bail during his appeals of fraud and conspiracy convictions.
A Houston jury convicted Skilling in May.
Since being sentenced in October, Skilling has been under house arrest in Houston and required to wear an electronic monitoring device on his ankle.
3 comments:
A minimum security facility, otherwise known as "Club Fed." Oh well, "he's suffered enough," poor thing.
That's if he goes to jail at all.
Setting a precendent for future corruption convictions of an even worse crop of bastards.
One hates to imagine. The white collar stuff is bad enough. The Crimes Against Humanity crowd...
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