HOUSTON – Former CEO of Enron, Jeffrey Scilling was released from federal arrest.
Skilling was released on Thursday after serving 12 years of imprisonment and six months in the middle of the house after being sentenced for his actions, which led to one of the worst corporate divisions in history.
A 65-year-old was initially sentenced in 2006 to 24 years in prison and fined $ 45 million for multiple cases of securities fraud, conspiracy and other crimes. In 2013, the sentence was reduced to 14 years.
The Jostan Enron company was bankrupt in 2001 after many years of illegal transactions and accounting of stunts that took over 5,000 people out of work, as well as over 2 billion dollars in pensions and 60 billion dollars in damages from Enron.