Former Enron CEO Jeffrey Skilling is looking at ways to return to the energy business, according to two sources familiar with his activities. Among the ventures he is considering is an idea he came up with in 2015 — and put to paper — while serving a federal prison sentence for his role in Enron's 2001 collapse.
Contrary to other reporting, the sources told CNBC that the venture does not involve cryptocurrency or blockchain technology. And they said it is one of a number of paths Skilling is considering in hopes of returning to the industry he knows best. Congressional committees and a U.S. Justice Department task force set out to pinpoint blame — including investigating whether Skilling knew about problems at the company before his abrupt departure. Skilling denied such knowledge. Nonetheless, a federal jury in 2006 convicted him on 19 out of 28 criminal counts including fraud, conspiracy, and insider trading. He was sentenced to 24 years in prison and ordered to forfeit $45 million.
In all, 21 people were convicted in the Enron scandal, and accounting firm Arthur Andersen was forced out of business after it was found guilty of obstruction of justice. The Supreme Court later overturned the conviction, but too late for 85,000 Andersen employees who lost their jobs.
TANK926 I can’t take this shit anymore man lmaoo
No way.
He should be in prison.
Noooooooooo
freeeeky Fastow, a job awaits you!!!
I want Jeffrey Skilling back in prison.
Tell him to f*** off
Didn’t he commit suicide
Thought you were going to tell us he was running in 2020 for the TheDemocrats
He should get together with Elizabeth Holmes.
And this is truly one way if you invest in that electricity gas and everything that people use you can't go wrong
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