Former Enron CEO Jeffrey Skilling is looking at ways to return to the energy business, according to two sources familiar with his activities. Among the ventures he is considering is an idea he came up with in 2015 — and put to paper — while serving a federal prison sentence for his role in Enron's 2001 collapse.
Contrary to other reporting, the sources told CNBC that the venture does not involve cryptocurrency or blockchain technology. And they said it is one of a number of paths Skilling is considering in hopes of returning to the industry he knows best. Congressional committees and a U.S. Justice Department task force set out to pinpoint blame — including investigating whether Skilling knew about problems at the company before his abrupt departure. Skilling denied such knowledge. Nonetheless, a federal jury in 2006 convicted him on 19 out of 28 criminal counts including fraud, conspiracy, and insider trading. He was sentenced to 24 years in prison and ordered to forfeit $45 million.
In all, 21 people were convicted in the Enron scandal, and accounting firm Arthur Andersen was forced out of business after it was found guilty of obstruction of justice. The Supreme Court later overturned the conviction, but too late for 85,000 Andersen employees who lost their jobs.
TANK926 I can’t take this shit anymore man lmaoo
No way.
He should be in prison.
Noooooooooo
freeeeky Fastow, a job awaits you!!!
I want Jeffrey Skilling back in prison.
Tell him to f*** off
Didn’t he commit suicide
Thought you were going to tell us he was running in 2020 for the TheDemocrats
He should get together with Elizabeth Holmes.
And this is truly one way if you invest in that electricity gas and everything that people use you can't go wrong
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ex-Enron CEO Skilling Plans Second ActJeffrey Skilling, after more than a decade in prison over Enron's collapse, is seeking backing from ex-colleagues for a new energy venture once a crook always a crook....look no further than HillaryClinton Great! Where can I invest? It is indeed the environment for corruption...at least more than usual.
Source: WSJ - 🏆 98. / 63 Read more »
William C. Powers Jr., author of report outlining Enron corruption, dies at 72Mr. Powers was a law school dean and later became president of the University of Texas. 🤘🏼 😢 🙏rest in peace
Source: washingtonpost - 🏆 95. / 72 Read more »
Ex-Enron CEO Skilling Plans Second ActJeffrey Skilling, after more than a decade in prison over Enron's collapse, is seeking backing from ex-colleagues for a new energy venture once a crook always a crook....look no further than HillaryClinton Great! Where can I invest? It is indeed the environment for corruption...at least more than usual.
Source: WSJ - 🏆 98. / 63 Read more »
William C. Powers Jr., author of report outlining Enron corruption, dies at 72Mr. Powers was a law school dean and later became president of the University of Texas. 🤘🏼 😢 🙏rest in peace
Source: washingtonpost - 🏆 95. / 72 Read more »
Former Oath and AOL CEO Tim Armstrong is getting a $60 million payoutThe golden parachute includes $31.1 million founders award and $16.6 million he's expected to get in June.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Samsung Elec sees green shoots in China smartphone business: co-CEOSamsung Electronics Co Ltd said on Wednesday its new Galaxy flagship smartphones...
Source: Reuters - 🏆 2. / 97 Read more »
Honeywell, a supplier to Boeing 737 Max planes, isn't seeing an impact on business: CEOHoneywell supplies mechanical systems and avionics for the Boeing 737 Max, but not flight controls or flight management systems.
Source: CNBC - 🏆 12. / 72 Read more »
Marijuana black market 'business has never been better' in Canada despite legalization, cannabis CEO warnsGreg Engel, the CEO of OrganiGram Holdings Inc., said “the lack of enforcement we’ve seen against illicit supply” has been “disappointing” to those operating in the now-legal industry. It’s a plant. That’s all. It should be considered unconstitutional for it to be illegal. . Was it taxed out of affordability? .
Source: Newsweek - 🏆 468. / 52 Read more »
New CEO of Walmart Japan and Seiyu says 'not here to sell a business'The newly appointed chief executive of Walmart Japan and Japanese supermarket ch... The barbaric slaughter of dolphins and porpoises in the infamous cove located in Taiji Japan, should take centre stage in the run up to 2020. NoToTaiji Japan2020
Source: Reuters - 🏆 2. / 97 Read more »