Prison Sentence Of Ex-Enron CEO Could Be Trimmed

HOUSTON (May 9, 2013)—Jeffrey Skilling, the convicted ex-CEO of Houston’s Enron, could get as much as a 10-year reduction of his 24-year prison sentence.

It's up to a federal judge in Houston to approve an agreement reached between prosecutors and defense attorneys, and the judge will hold a June 21 hearing to make the final decision.

Skilling was convicted in 2006 of conspiracy, securities fraud, insider trading, and lying to auditors for his role in the downfall of Enron, which collapsed into bankruptcy in 2001.

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