BusinessCompany NewsSkilling facing 325 years behind bars

Skilling facing 325 years behind bars

Jeffrey Skilling, the former chief executive of Enron, was charged by the US government yesterday in a 35-count indictment that holds the maximum penalties of 325 years behind bars and $80m (£42m) in fines.

Link: Enron’s Skilling surrenders to FBI

Skilling was described as the brains behind the huge frauds at the energy giant.

The 50-year old was released after posting $5m bail. The indictment says Skilling made $89m in selling shares at artificially inflated prices.

The investigation can now turn to the biggest fish of all, former Enron chairman Ken Lay. He is currently a free man and continues to profess his innocence.

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