For a guy who was once at the apex of business running the seventh largest company in America, prison life must be pretty boring. Mopping duty and smuggling pruno can't hold a candle to flying around with politicians and plotting schemes for raping the California energy markets.So what's a fellow in former Enron CEO Jeff Skilling's unenviable position to do with all that free time? Try to find a way to get out! This week, a court will consider the possibility of overturning Mr. Skilling's convictions on one count of conspiracy, one count of insider trading, five counts of lying to auditors, and twelve counts of securities on fraud. Mr. Skilling is serving a sentence of more than 24 years in Club Fed.
Mr. Skilling and his lawyers have some hope, based on newly-released documents, including 400 pages of handwritten transcripts of interviews with the government's star witness, former CFO Andy Fastow. The Wall Street Journal reports (subscription required) that "The Skilling legal team says the notes undermine trial testimony by Mr. Fastow, a star government witness against Mr. Skilling. It says the notes refute Mr. Fastow's contention that he and Mr. Skilling discussed illegal accounting maneuvers. The Justice Department disputes this characterization."
Skilling's lawyers argue that this evidence was "deliberately and systematically" withheld from the defense which, they say, is grounds for overturning the verdict. Prosecutors replied in their brief that "microscopic and misleading dissection of the Fastow notes provides no basis for overturning the jury's verdict."











Reader Comments (Page 1 of 1)
6-06-2008 @ 1:02PM
pt said...
Let's get Mr. Skilling out of Club Fed and sent him to a more relaxing institution. He clearly has too much time on his hands. Let's give him "Bubba"as a roommate and let him experience how it feels to be raped.
BTW - Watch and see who "W" pardons before he leaves office. Skilling and Scotter will probably make the to ten list.
6-06-2008 @ 3:11PM
pt said...
Let's get Skilling out to Club Fed. He probably has too much free time on his hands. Perhaps we could send him to Club Hard Time and let him room with Bubba so he can experience getting raped.
I hope he likes his suit! This man should never get out of his sentence. I hope we took everything, but his family is probably enjoying all of what he stole. You can bet Mr. Lay's family/friends are enjoying his loot. We should have taken it all and paid back investore like retirement funds for educators.
It will be interesting to see who "W" releases when he leaves office. You can be Skilling and Scotter made the top 10 list.