Former Enron CEO Jeffrey Skilling showed up to his new employer Wednesday afternoon ready to pull his 24-year sentence for fraud and other crimes in the collapse Enron , the former energy giant.
He arrived at the Federal Correctional Institution in Waseca, Minn. shortly after 1p.m. Even with time off for good behavior he will still be an old man when he retires from prison life. Skilling is now 53 years old.
Skilling and Enron founder Ken Lay were convicted on many counts of fraud, conspiracy, insider trading and other charges in the collapse of the Houston-based Enron, which cost thousands of jobs, more than $60 billion in company stock and more than $2 billion in employee pension plans.
Skilling's request to remain free on bond pending his appeal was denied by a federal judge on Tuesday. Read more from The AP .
It is about time that one of these top of the ladder crooks gets to go to prison. Ken Lay, Enron's founder, got out the easy way. He had a heart attack and died. Justice was still served, a bit! Michael d.
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