Enron's Skilling Gets Sentence Slashed To 14 Years

Law360, Houston (June 21, 2013, 4:09 PM EDT) -- A Texas federal judge on Friday accepted a plea agreement that cut 10 years from disgraced former Enron Corp. CEO Jeff Skilling’s 24-year prison sentence, ending the executive’s long-running challenge to his conviction for his role in the energy giant’s colossal collapse.

U.S. District Judge Sim Lake approved the deal prosecutors struck with Skilling, who has been incarcerated since his 2006 conviction on conspiracy, fraud and insider trading charges, sentencing him to 14 years in prison, six of which he has already served.

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