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Ex-Enron CEO again asks to be freed while convictions are appealed
Sat, Dec 22, 2007
Reuters

HOUSTON - FORMER Enron chief executive Jeffrey Skilling - serving a 24 year prison sentence for his role in the once-mighty energy company's collapse - has again asked to be free on bond while his case is appealed.

The request was included in a 161-page court filing Skilling's attorney, Daniel Petrocelli, submitted to the 5th US Circuit Court of Appeals on Friday as part of his client's appeal of his May 2006 conviction.

'Mr. Skilling is not a flight risk or danger to the community. He is inalterably committed to vindicating himself,' he wrote.

Just before he reported to a Minnesota federal prison in December 2006, Skilling asked to remain free on bond pending his appeal. The request was denied.

Skilling was sentenced in Oct 2006 to more than 24 years in prison for his role in the collapse of Enron Corp, once the nation's seventh-largest company.

He became the highest-ranking executive to be punished for the accounting tricks and shady business deals that led to the loss of thousands of jobs, more than US$60 billion (S$87.5 billion) in Enron stock value and more than US$2 billion in employee pension plans after the company imploded in 2001.

The filing is the second written part of Skilling's appeal of his conviction on 19 counts of fraud, conspiracy, insider trading and lying to auditors.

 

 
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