Former Enron CEO Jeffrey Skilling - the worst seen many instances of fraud and corporate greed in the United States - can be released from prison after four years or so, a federal judge on Friday shaved ten years more than 24 years of his original sentence.
Skilling's re-sentencing to bring the country's most notorious financial scandals - once powerful energy giant's collapse - in a crowded court hearing concluded, upset some former Enron workers.
Former Enron workers Diana Peters Company, the only victim, who spoke to re-sentencing hearing, later said in a telephone interview, Skilling should be for his entire original sentence.
"Jeffrey Skilling has never assume any responsibility for their actions, said:" The 63-year-old Peters, who lives in Huntsville, north of Houston. "He has no remorse final result what happened."
Even in last Friday's re-sentencing, which is a court order to reduce and separate part of the agreement with prosecutors, Skilling had already been set, he was about 8 ? years after shortening the Court of Appeal by the United States District Judge Sim Lake vacated his original sentence sentences.
The Court of Appeal ruled that the sentencing guidelines apply properly. However, Skilling's re-sentencing was delayed for years, he unsuccessfully attempted to overthrow his faith, including a call for the United States Supreme Court.
Ministry of Justice said that in order to solve the case more than 10 years, it's gone, it agreed to an additional reduction of approximately 20 months, as an agreement to stop Skilling submit any appeal from the part of Federal prosecutors said that it would make restitution to the victim Skilling's assets Enron's collapse in 2001 distributed $ 41.8 million.
In Friday's hearing, Skilling, 59 years old, since 2006, has been in prison refused to make a statement.
His lawyer, Patrick Daniel Petrocelli, said he did not agree with claims that his client, who "still maintains his innocence," What happened to Enron has never expressed remorse. He said that Skilling did not know the illegal activities of others, but "fully responsible for all operations" in the company.
Kayseri said that with the passage of time good behavior and other factors combine to reduce the mean Skilling is to be released in 2017.
During the hearing, prosecutor Patrick Stokes criticized Skilling Continue "to cast himself as a victim," and said, Skilling "is anything but a victim."
"Not only did Mr. Skilling in Enron's pinnacle, at the pinnacle of his fraud schemes, Stokes said."
Once the money from Skilling's assets, approximately $ 5.6 million in compensation to the victims of the Enron scandal has been collected, Stokes said.
Former Enron employee George Maddox says he still accused him of losing $ 1.3 million in retirement savings when Enron collapse, Skilling. Maddox as a plant manager with the company for 30 years.
"Long sentence, said:" No, but poor Maddox, 79, who lived in East Germany Zhou Zhen Fan, now supports his 16-year-old grandson and his main income is Social Security.
Even if the sentence, Skilling's sentence is still those involved in the Enron scandal, the longest. He is the highest level of administrative penalties. Enron founder Kenneth Lay's similar convictions, vacated after less than two months after his trial, he died of heart disease.
Philip Hilder, Skilling's Houston lawyer representing several former Enron executives cooperate with prosecutors, called the new sentence "a fair resolution," the case against him.
But Andrew Stoltmann, Chicago-based attorney representing 10 people who lost money in the Enron collapse, the new one is called "slap the face," former Enron workers and investors.
Skilling was convicted in 2006 19 conspiracy, securities fraud, insider trading and lying to auditors for his role in the Houston-based Enron downfall. Company, once the seventh-largest bankruptcy in the United States under the weight of years of illicit business accounting gimmick.
The U.S. Supreme Court said that in 2010, one of Skilling's conviction is flawed, when it slashed the use of the "honest services" fraud law - one short of the federal mail and wire fraud laws, making it illegal to plan to deprive investors addendum "intangible right of honest services."
High Court ruled that prosecutors can use the law only in cases where the evidence shows the defendant accepted bribes or kickbacks, because Skilling's misconduct requires no such thing, he did not conspire to commit honest services fraud.
Federal Supreme Court against the lower court to decide whether he deserves a new trial lower court said no.
Enron's collapse will be more than 5,000 people out of work, wiped out more than 20 billion U.S. dollars of employee pensions and worthless $ $ 6 billion in Enron stock. Its aftershocks felt across Houston and the U.S. energy industry.
 



Other News:
Ex-Enron CEO gets 10 years cut from sentence
Oil falls as monetary policy and China hit market
Rising US wealth doesn't generate spending surge
Taliban kill 10 foreign climbers, Pakistani guide
Bashir threatens again to stop oil exports from South Sudan
Immigration reform: Can a supporter win GOP nomination in 2016?
Flooding may force 100,000 from west Canada homes
Egypt's army says it's ready to save nation