Join The Discussion

 

Obama calls for offshore drilling in Southeast

WASHINGTON — The Obama administration on Tuesday outlined a politically fraught plan for allowing oil and gas drilling offshore along parts of the Atlantic coast while imposing new restrictions on environmentally fragile waters off northern Alaska.

read more >

Alliance's Hillwood Commons lands first tenant

A large title insurance, property valuation and settlement services company is the first tenant at Hillwood Commons I, an office complex at Alliance Town Center.

read more >

Museum District: Area’s evolution creating more interaction, public spaces

Fifteen years ago if someone had shot a cannon from Fort Worth’s world-renowned museum district, nobody would have noticed, joked Lori Eklund, senior deputy director of the Amon Carter Museum of American Art. But that has changed.

read more >

Energy Transfer Partners, Regency Energy announce $18B merger

Energy Transfer Partners LP of Dallas and Regency Energy Partners LP have entered into a definitive merger agreement.

read more >

Fort Worth's mayor looking for new chief of staff

Jason Lamers is leaving the city after 14 years to join Burlington Northern Santa Fe.

read more >

 

Justice mulling possible sentence reduction for Enron's Skilling
NEW YORK (CNNMoney) -- Former Enron CEO Jeffrey Skilling, who wasn't scheduled to be released from prison for another 15 years, is trying to hatch a deal with the Feds to shorten his sentence, according to the Justice Department.
"The Department of Justice is considering entering into a sentencing agreement with the defendant in this matter," said the federal agency on Thursday, referring to Skilling.
Skilling, 59, was sentenced to 24 years in 2006, after being convicted of fraud, conspiracy, insider trading and lying to auditors. He was ordered to pay about $50 million in restitution to the victims after orchestrating the largest corporate fraud in history.
Now known as inmate #29296-179, Skilling maintained his innocence throughout the court hearings. He currently resides at the Englewood federal prison in Littleton, Colo., and is scheduled to be released in February 2028.
Enron, an energy trading company, collapsed under the weight of massive fraud perpetrated by some of its executives, and the name is as notorious as that of legendary Ponzi mastermind Bernard Madoff.
The Justice Department would not comment on what precipitated Skilling's resentencing hearing.
The purpose of the announcement is to invite victims, including former Enron employees and stockholders, to participate in Skilling's hearing. The Justice Department said victims have until April 17 to respond but did not say when the hearing would take place.
More than 4,000 Enron employees lost their jobs, and some also lost their life savings, when the company declared bankruptcy in 2001. Investors suffered losses in the billions of dollars.
Skilling's lawyer, Daniel Petrocelli, was not immediately available for comment.
Andrew Fastow, one of Skilling's partners-in-white-collar-crime, was released from prison on Dec. 16, 2011, at least four years early, after making a plea bargain.
Kenneth Lay, who was CEO of Enron before Skilling took over, was also convicted but died in 2006 at 64 while awaiting sentencing.

< back

Email   email
hide
Catch
How 'bout them Cowboys?