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Enron's Jeff Skilling takes fight to Supreme Court
Reuters on Yahoo ^ | 2/27/10 | Kristen Hays

Posted on 02/27/2010 3:05:35 PM PST by NormsRevenge

HOUSTON (Reuters) – Former Enron chief executive Jeff Skilling lost the first half of the fight of his life when a jury convicted him nearly four years ago for committing fraud while at the helm of the once high-flying energy trader.

On Monday before the U.S. Supreme Court, lawyers for federal prisoner 29296-179 will take their last shot at shredding a lower court's conviction that sentenced him to 24 years in jail. If Skilling succeeds, his sentence could be shortened or he could win a new trial.

The federal government already has a 0-2 Enron record before the high court and a sloppy Enron trial record riddled with convictions overturned and reversed on appeal. For the Justice Department's long-disbanded Enron Task Force, Monday's arguments are about keeping their biggest Enron catch.

"At the end of the day, the task force is going to be judged mainly on whether this conviction stands," said Barry Pollack, a Washington D.C. white-collar defense lawyer who represented two lesser-known Enron defendants.

Skilling, 56, was convicted in May 2006 of 19 counts of conspiracy, securities fraud, insider trading and lying to auditors. He has been serving time at a prison in Colorado, where he has been teaching Spanish to fellow inmates.

Skilling led Enron's transformation from a sleepy natural gas pipeline company into a global energy trading powerhouse, which disintegrated in bankruptcy in 2001.

Skilling and Enron founder Kenneth Lay, once called "Kenny Boy" by President George W. Bush, were vilified as thieves and liars who erased billions of dollars in investor wealth.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Business/Economy; Crime/Corruption; Extended News; Government; Your Opinion/Questions
KEYWORDS: enron; jeffskilling; lawsuit; skilling; supremecourt

1 posted on 02/27/2010 3:05:35 PM PST by NormsRevenge
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Comment #2 Removed by Moderator

To: NormsRevenge

Just throw Bill Clinton under the bus, where he belongs in this mess, and all will be forgiven.....


3 posted on 02/27/2010 3:29:37 PM PST by fedupjohn ("Facts are stubborn things." Ron Reagan.......Sarah Palin 2012)
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To: F15Eagle
They probably could not have survived anyway. It's awful when a handful of greedy sob’s ruin entire operations and destroy other people's jobs and lives.

And where is the task force to hold Goldman Sachs, government, fannie & freddie, the federal reserve etc accountable for destroying the US economically?

The greedy are taking from the needy hand over fist with impunity. Haven't seen anything so bad in my lifetime.

4 posted on 02/27/2010 3:31:46 PM PST by greeneyes (Moderation in defense of your country is NO virtue. Let Freedom Ring.)
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Comment #5 Removed by Moderator

To: F15Eagle
Hmmm.   S'pose Enron employees learned any lessons...
 
 
 
 
 
 
...lessons they might have gone on to apply somewhere else to clean things up a bit....
 
 
 
 
Proud Pirates of the American Dream.
 
 
...but didn't?
 
 
FAIL.

6 posted on 02/27/2010 3:43:35 PM PST by LomanBill (Animals! The DemocRats blew up the windmill with an Acorn!)
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To: greeneyes
[It's awful when a handful of greedy sob’s ruin entire operations and destroy other people's jobs and lives.]
 
Oh but they were the "smartest guys in the room" don't ya know?
 
Stupid is as stupid Empower(tm)s.

7 posted on 02/27/2010 3:47:02 PM PST by LomanBill (Animals! The DemocRats blew up the windmill with an Acorn!)
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To: F15Eagle
What's sad is that Skilling may actually be innocent. He certainly did, or allowed, a lot of unethical acts to occur.

However, his actions/inactions may all have been technically legal only because the corporate lobbyists had gotten their congressional whores to insert the proper language into the right bills under the cloak of darkness.

8 posted on 02/27/2010 3:49:42 PM PST by who_would_fardels_bear (These fragments I have shored against my ruins)
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To: NormsRevenge

The whole Enron scandal is a drop in the ocean compared to what cause the current financial crisis.


9 posted on 02/27/2010 3:54:32 PM PST by driftdiver (I could eat it raw, but why do that when I have a fire.)
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To: F15Eagle

“And, with the averting eyes of Andersen auditing. Which no longer exists because of this. Not all of Andersen, of course, but the Feds shut them down over it.”

They were rotten to the core. Their name kept showing up in cases unrelated to Enron. It seems that they were the ones to go to, when you needed your books fixed.

In my opinion they got off easy. They should have been completely disbanded (as in every [corrupt] accountant for himself) and NEVER permitted to re-form. That would have sent a message to CPAs to DO THEIR JOB.


10 posted on 02/27/2010 4:03:44 PM PST by BobL
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Comment #11 Removed by Moderator

To: F15Eagle

“But that aspect of them is dead and never to reform AFAIK.”

Sounds good...I would not want those animals anywhere near a position of responsibility again. In my job, when I come across someone with that background, they are immediately rejected as corrupt. They had their chance to be honest...and they chose otherwise.


12 posted on 02/27/2010 4:41:00 PM PST by BobL
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To: F15Eagle

LOng to heal if not fatal


13 posted on 02/27/2010 4:53:21 PM PST by reefdiver ("Let His day's be few And another takes His office")
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To: F15Eagle
Me too, but then I look at the chart showing the stock market history since 1928. Never bet against American ingenuity.

If we can stop the health care bill, and get some people in Congress to represent the people and reduce the size of government, I think we will survive, and eventually thrive again.

I don't know about you, but I ain't throwin’ in the towel yet, and I will continue to fight. Resistance is not futile.

14 posted on 02/27/2010 4:53:41 PM PST by greeneyes (Moderation in defense of your country is NO virtue. Let Freedom Ring.)
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To: NormsRevenge
Skilling and Enron founder Kenneth Lay, once called "Kenny Boy" by President George W. Bush,

Yeah, the same George W. Bush that prosecuted him.

And let's never fail to point out the presidential candidate to whom Enron made it's larges contribution

His initials were B.C.

15 posted on 02/28/2010 6:28:24 AM PST by Tribune7 (Only stupid, racists people support Obama.)
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