In a one-sentence ruling the U.S. Court of Appeals for the Fifth Circuit in New Orleans denied a request by former Enron Corp. CEO Jeffrey K. Skilling to be released from prison on bail while he appeals his 2006 convictions. A Houston jury sentenced Skilling to 24 years in prison after he was convicted on 18 criminal charges related to Enron’s bankruptcy in 2001, but a resentencing was ordered by the circuit court in early 2009 (see Daily GPI, Jan. 7, 2009). In June the U.S. Supreme Court ruled that some of the charges against Skilling should be retried or dismissed (see Daily GPI, June 25).
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Enron’s Causey Begins Prison Sentence
Richard A. Causey, 46, Enron Corp.’s former chief accounting officer, has begun serving a five-and-a-half-year prison sentence in Texas for his role in the fraud schemes that brought down the company.
Energy Industry’s Focus Now Centered Firmly on Summer Temps, Hurricane Season
With natural gas futures traders continuing to hang on every sentence that includes the words “summer,” “temperatures” and “hurricanes,” MDA EarthSat Energy Weather’s updated summer 2006 outlook and Weather 2000’s tropical expectations are sure to garner attention.
Former Westar CEO Gets Four-Plus Year Sentence for Conspiracy, Money Laundering
Former Westar Energy CEO David Wittig on Friday was sentenced by U.S. District Judge Julie Robinson to 51 months in federal prison, without parole, to be followed by three years of supervised release, and ordered to pay a $1 million fine after Wittig last summer was found guilty of one count of conspiracy, four counts of making false bank entries and one count of money laundering following a 10-day jury trial.
Former Westar CEO Gets Four-Plus Year Sentence for Conspiracy, Money Laundering
Former Westar Energy CEO David Wittig on Friday was sentenced by U.S. District Judge Julie Robinson to 51 months in federal prison, without parole, to be followed by three years of supervised release, and ordered to pay a $1 million fine after Wittig last summer was found guilty of one count of conspiracy, four counts of making false bank entries and one count of money laundering.