Legal-Outcome

Skilling Sentence Reduced to 14 Years, Marking Accountability Erosion

2013-06-21 00:00:00 +0000 UTC | Importance: 9/10

On June 21, 2013, U.S. District Judge Sim Lake approved a deal reducing former Enron CEO Jeffrey Skilling’s prison sentence from 24 years to 14 years—a 10-year reduction that symbolized the erosion of corporate accountability in the decade following the Enron prosecutions. The sentence …

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Ken Lay Dies Before Sentencing, Conviction Later Vacated

2006-07-05 00:00:00 +0000 UTC | Importance: 9/10

On July 5, 2006, Kenneth Lay died of a heart attack at his vacation home in Aspen, Colorado, just six weeks after being convicted on all six counts of fraud and conspiracy in the Enron scandal. Lay, 64, was pronounced dead at Aspen Valley Hospital at 3:11 a.m. A preliminary autopsy reported he died …

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