Jeff Skilling, Former Enron CEO, May Get Out Of Prison Early

Ex-Enron CEO May Get Out Of Prison Early
HOUSTON - APRIL 11: Former Enron CEO Jeff Skilling (R) walks to the Bob Casey U.S. Courthouse for the second day of his testimony in his fraud and conspiracy trial, April 11, 2006 in Houston, Teaxas. Skilling, who is accused of repeated lying about Enron's financial health, professed his innocence during his testimony on April 10. (Photo by Dave Einsel/Getty Images)
HOUSTON - APRIL 11: Former Enron CEO Jeff Skilling (R) walks to the Bob Casey U.S. Courthouse for the second day of his testimony in his fraud and conspiracy trial, April 11, 2006 in Houston, Teaxas. Skilling, who is accused of repeated lying about Enron's financial health, professed his innocence during his testimony on April 10. (Photo by Dave Einsel/Getty Images)

WASHINGTON, April 4 (Reuters) - Former Enron Chief Executive Jeffrey Skilling, who is serving a 24-year sentence over the company's spectacular collapse, may get a chance to leave prison early.

The U.S. Department of Justice posted a notice indicating that prosecutors are considering entering an agreement with Skilling that could result in his being resentenced.

Wednesday's notice gives former Enron employees, stockholders and other victims of Skilling's fraud that led to Enron's 2001 bankruptcy a chance to object.

CNBC earlier reported the notice. It said Skilling's lawyers and the Justice Department were negotiating a reduced sentence.

Daniel Petrocelli, a lawyer for Skilling, could not immediately be reached on Thursday for comment.

According to federal prison records, Skilling is scheduled to leave prison around February 2028.

It is unclear how much Skilling's term could be shortened under a resentencing agreement. (Reporting by Aruna Viswanatha and Jonanthan Stempel; Editing by Lisa Von Ahn)

Before You Go

Russell Wasendorf, former CEO of Peregrine Financial Group

Hall Of Shame: 11 Disgraced CEOs

Popular in the Community

Close

What's Hot