Court docs: Enron convict Jeffrey Skilling reaches deal to be released early from prison


Jeffrey Skilling

Remember former Enron CEO Jeffrey Skilling (aka inmate #29296-179)? I wish I didn't. He was supposed to spend 24 years in prison for the Enron mess, but under a deal he's reached, that could be cut by ten years, according to court documents. He had 15 years left to serve. But apparently, not any more.

He was convicted in December 2006 for fraud, conspiracy, insider trading and lying to auditors in the largest corporate fraud in history.


"The agreement brings certainty and finality to a long painful process," said Skilling lawyer Daniel Petrocelli of O'Melveny & Myers. "Although the recommended sentence for Jeff would still be more than double any other Enron defendant, all of whom have long been out of prison, Jeff would at least have the chance of getting back a meaningful part of his life."

What, his life wasn't meaningful when he committed those many crimes? What about all the people who were affected by his fraudulent acts and lies? Will they get a meaningful part of their lives back? Their jobs? Their life savings?

More than 4,000 Enron employees lost their jobs, and many also lost their life savings, when the Texas-based energy company declared bankruptcy in 2001. Investors lost billions of dollars.

Part of the deal is that Skilling has to drop any further legal challenges to his conviction.

How about dropping off the edge of a cliff instead?