The Enron Scandal - Unmoderated Message Board

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Non-Tech : The Enron Scandal - Unmoderated

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To: stockman_scott who wrote (3532)	1/6/2009 1:30:28 PM
From: Glenn Petersen	1 Recommendation Read Replies (1) of 3602

Court upholds Skilling conviction, orders resentencing By KRISTEN HAYS Houston Chronicle Copyright 2009 Jan. 6, 2009, 12:10PM An appeals court today upheld former Enron Chief Executive Jeff Skilling's 19 federal felony convictions, but ordered a trial court to resentence him. The three-judge panel of the 5th U.S. Circuit Court of Appeals in New Orleans sided with the government, ruling that a theory of guilt that has backfired in other Enron cases didn't taint Skilling's convictions. But the court said U.S. District Judge Sim Lake used the wrong guidelines in sentencing him to 24 years. Skilling was convicted in May 2006 on 19 counts of fraud, conspiracy, insider trading and lying to auditors for his role in the collapse of Houston-based Enron, once the nation's seventh-largest company. kristen.hays@chron.com chron.com

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