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Apart from the custodial sentence, assets of around $60 mill were seized and a further $18 mill in fines.
On the incarceration term - hard to say unless the details of all charges and the evidence is known - basically 19 fraud-related convictions. The best person to decide that is the judge - it's his job. The opinions of others don't matter.
Read somewhere the judge confined his to his home with an ankle monitor - is there anything to discuss? Why is he not in prison?
Unfortunately Kenny Boy died and as a result his convictions have been quashed. Who dreamed up that load of bullshit? Pity that happened and his estate could not be confiscated to a level matching his role in Enron.XXX TLD's - Another mosquito to swat.Comment
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That was only when he posted bail. He is going to a Federal prison now.
"U.S. District Judge Sim Lake denied Skilling?s request for bond and ordered him to home confinement, wearing an ankle monitor. Lake, who told the U.S. Bureau of Prisons to recommend when Skilling should report to prison, suggested that Skilling, 52, be sent to the federal facility in Butner, N.C., for his role in a case that came to symbolize corporate fraud in America."Comment
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Fuck Ya, he diserves every minute in jail
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Got ya UPL - sounds like me not getting the point!
Tho just noticed this text from your link..
and another report showing this...Former employee Diana Peters later called the sentence ?just,? but added, ?I am extremely disappointed he wasn?t taken into custody today.?
I'm not familar with the routine on sentencing/jailing - he'll serve one way or other - unless he elects to go the same way as Lay (suprised if they gave him his freedom when sentencing has happened - can be a unbalanced time for a perp)The judge confined him to his home where he is to wear an ankle monitor until he reports to prison.XXX TLD's - Another mosquito to swat.Comment
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Damm! That's harsh! I guess Kenneth lay got the better deal after all!
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It doesn't bother me at all. Let him think long and hard about the lives he ruined.Comment
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Only my opinion - to be honest, I think 24 years for a white collar crime is silly. This term is more for serious physical assault type offenses.
The flipside is, suppose they have to take account of the numbers of offenses, the scale - plus any outrageous type evidence. Other factor is prob there was a desire to make an example of him.
Who knows the condition of Ken Lay before he died - it may be related or not, but agree, whether by design or fate - he did his family a service in leaving them with his full estate - including the proceeds of his fraud.XXX TLD's - Another mosquito to swat.Comment
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A kick in the balls from every person he ripped off is what he deserves.
I can't help but feel that Ken Lay staged his own death to get his sentence squashed, and his family off the hook for the millions that he owes to the people that the jury decided he ripped off.
Do you think the Lay family heirs will contribute money to the Enron victims fund???
The court should make them pay restitution, and even serve part of his sentence for benefitting from his lies and corruption.
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He'll be out in 2 years with good behavior.Comment
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He got off light - he deserves life.C H R I S
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True - another factor the court presumably took into account.
Thinking... I only personally know of two individuals who may well have been like Skilling. Their problem was sheer greed and they would lie, thieve, conspire, betray (even best friends) to keep their hands on as much money as possible.
The first had so many offenses, the prosecution refused to take the case - it was going to cost too much to indict/convict him. Eventually, he was convicted on a far lesser number of charges and jailed for.. think 12 years.
The second is still a "work-in-progress" where I'm one of two people who are the victims of fraud. Had to say what sentence he will get - he's still claiming total innocence but can't stop lying in court - and each time he does, he gets caught out when the facts are presented. The good news is we know where the money is and it can't move from it's location and sealed - least there will be a good few mill being released when that case is finished.
Greed is one hell of an achilles heel
XXX TLD's - Another mosquito to swat.Comment
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Don't know the exact circumstances - but yea, dumping all bullshit, it would appear reasonable for the family to make a payment. After all, he was actually convicted of the offenses tho the court (for whatever reason) elected to quash his convictions.
Again.. who knows.. there may be something in taking a civil action against the holders of any Enron funds (the family) - but prob harder to work with in court.XXX TLD's - Another mosquito to swat.Comment
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When you see the facts of what these people did you wonder why it took so long to get them into prison and why the relatives and families are not as penniless as the people they ripped off.
The victims got left with nothing, the criminals families live in luxury on stolen money and the criminals will all be writing books while in summer camp, whoops I meant open prison.Comment
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I wondered the same thing - what's the delay, then by chance, a person I know happened to end up on the investigation side of elements of Enron. Apart from the documentary/physical evidence, - that was massive alone and took literally years to work thru, they then wanted to get some "talkers" lined up to totally secure the prosecution - and think that happened in the end - ie they pressured the small fish and prosecuted them (often with deals) and headed higher up the tree to Lay, Skilling and other actual corp officers.
The lady I know does not normally do fraud stuff, but has the same attitude to her area of "expertise" - ie.. no hurry... let the rope hang out... possibly for years. Meantime all known associates/contacts are well-known (and can even be friends
) - then when the time is ripe, move in and capture a "snapshot" of events on that day. The "snapshot" usually shows elements of almost all activity - if they are "at it" - the conviction follows.
XXX TLD's - Another mosquito to swat.Comment
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He should be executed
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he deserves to go to jail!Comment
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24 years for a white collar financial crime is fucking retarded.
We lock up murderers and rapists and the like because they're not safe to have around. But what the fuck is a white collar criminal going to do to me? Trick me into investing in his new start-up? If there was any real justice, his punishment would be to pay back the people he fucked over. But no, instead we have to pay for his imprisonment.
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Anyone stupid enough to dump their life savings into a SINGLE STOCK shouldn't be allowed to have money.Comment
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24 years for a white collar financial crime is fucking retarded.
We lock up murderers and rapists and the like because they're not safe to have around. But what the fuck is a white collar criminal going to do to me? Trick me into investing in his new start-up? If there was any real justice, his punishment would be to pay back the people he fucked over. But no, instead we have to pay for his imprisonment.
You got good points. I think he should pay back all the $$$ he cheated and serve some time but not 24 years.Comment
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