Remember Jeff Skilling, serving time in prison for the Enron scandal? He'll be out in about 4 years...
(MoneyWatch) He can walk early, but not that early. Former Enron CEO Jeffrey Skilling succeeded in getting his prison sentence reduced by 10 years as part of a court-ordered reduction.
U.S. District Judge Sim Lake of the Southern District of Texas announced at a hearing in Houston today that Skilling will serve 14 years. His original conviction called for him to serve 24 years in connection with the collapse of the once high-flying energy trading firm. Under the agreement with federal prosecutors, Skilling could be released as early as 2017.
In seeking to reduce the sentence, the government had emphasized that $40 million in restitution, currently held up as Skilling pursued appeals, would be released to victims.