Eric Holder Gets Busy: Enron's Skilling May Be Released From Prison Over A Decade Early

Tyler Durden's picture

Former Enron CEO Jeff Skilling may be the latest beneficiary of the culture of pervasive permitted, even according to some - encouraged, crime. After being sentenced to prison for 24 years in the aftermath of Enron's spectacular 2001 bankruptcy, the former CEO may be released after serving well less than half of his term. As a result his prison term, which scheduled to end in 2028, may be cut by more than half as a result of a new agreement with the Department of Justice. It appears that AG Eric Holder is so busy not prosecuting Wall Street for being Too Big To Prosecute, he has decided it is far wiser to spend his time productively by commuting the sentences of convicted financial felons, because apparently there is nothing more important to do.

Reuters reports: "Former Enron Chief Executive Jeffrey Skilling, who is serving a 24-year sentence over the company's spectacular collapse, may get a chance to leave prison early. The U.S. Department of Justice posted a notice indicating that prosecutors are considering entering an agreement with Skilling that could result in his being resentenced. It is unclear how much Skilling's term could be shortened under a resentencing agreement. Wednesday's notice gives former Enron employees, stockholders and other victims of Skilling's fraud that led to Enron's 2001 bankruptcy a chance to object."

From the DOJ filing:

If you believe you are a victim of the crimes committed by the defendant and you wish to express your views to the Department of Justice about entering into a sentencing agreement, and/or to the Court about accepting such an agreement, please notify the Department of Justice and/or the Court by April 17, 2013, using the methods described below, briefly explaining why you are a crime victim, and summarizing your views.

 

If you wish to be heard at any future resentencing hearing the Court may schedule, you will be asked to notify the Court by a certain date (which will be set forth on the website noted above), and to briefly explain why you are a crime victim and summarize what you wish to say at the hearing.

 

If it appears that multiple victims wish to make the same points, the Court may limit the number of victims who speak in order not to unduly complicate or prolong the resentencinghearing. The Department of Justice cannot predict when in the course of the hearing the Court will permit victims to be heard. Victims who wish to speak should therefore plan on attending and being available when the opportunity to speak arises.

Of course, the DOJ can't promise the only "complaints" heard will be those from former MF Global executive Jon Corzine, who will instead focus on singing the praises of Skilling for his phenomenal cash flow and balance sheet management skills.

Full filing below:

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Passage's picture

Second career at GS

ParkAveFlasher's picture

We can't have talent like his devoted to pressing license plates and doing hospital laundry, now can we?

New England Patriot's picture

Next in line to head Department of Energy. 

jcaz's picture

Wow- that leaves only Bernie Madoff as the only guy in finance doing time.....

Oh wait- he's an CNBC contributing reporter now, so doesn't count....

TeamDepends's picture

Even the smartest guy in the room has to know the right people.

Sandmann's picture

He was never as smart as he thought he was

gmrpeabody's picture

Now THAT'S the Eric Holder we all know...

Troll Magnet's picture

brotha's gotta make room in prison for brothas who be smokin' weed!

fourchan's picture

being drawn and quartered is too good for that hunk of shit.

rajat_bhatia's picture

WELCOME 

TO 

THE  

CESSPOOL

EscapingProgress's picture

One more cell available for the weed smokers!

knukles's picture

Isn't he the last muckety muck of a company who went to jail for a financial crime, the rest having become a fine paid by the company and back to the shenanigans?

Frank N. Beans's picture

i believe andy fastow, and possibly his wife, are still in prison

he made some 60 million from his shenanigans, had to pay quite a bit back in fines

Careless Whisper's picture

Mister Skilling's services are needed at the ECB.  It's for the children.

I did it by Occident's picture

Or he can set up shop with whatever Corzine's new outfit is.  Maybe they'll run a fund out of Cyprus. 

 

 

ihedgemyhedges's picture

It's a shame his last name isn't Skillingberg. Otherwise, The Bernank could go ahead and retire and his replacement would be ready to go.....

redpill's picture

He's a shoe in for Cypriot Finance Minister

Bobbyrib's picture

Fastow only served six years and according to the book I read, he was the mastermind behind the whole thing.

insanelysane's picture

Now the rest of us can be commuted from having to follow Sarbannes-Oxley.

McMolotov's picture

It should be apparent to everyone by now that we suffer under a two-tiered application of the laws in this country. There's one system of "justice" for all of us peons, and it is harsh and unforgiving. Then there's a separate system of "justice" for the wealthy, crony scum who are intimately connected to the government. That one is lenient to the point of being non-existent.

When a government's legal system grows corrupt from top to bottom, vigilante justice eventually becomes acceptable. Some would go so far as to say it becomes acceptable because citizens come to view it as their duty when the government has failed them so badly.

Crash Overide's picture

ACE Hardware is having a spring sale on torches and pitchforks.

 

What a fucking joke...

Al Huxley's picture

Well, if they are on sale it's because there's no demand for them.   The complacency of the population as their wealth, savings and freedom are taken from them (I won't even say 'stolen' because thatbwould imply some attempt at stealth by the perpetrators) is amazing.  Why the fuck aren't people outraged by all this shit?

prains's picture

Why the fuck aren't people outraged by all this shit?

radicalizing a docile population to insurrectionism without imminent threat occupies the square next to "next to impossible" AND this is the kleptocorptocracies trump card. They are professional shape shifters and know it.

IdiocracyIsAlreadyHere's picture

And they make damn sure that when they sense a rise in anger from said docile population, it is channeled towards other peons - "welfare queens", gays, hispanics, blacks, uppity women - anyone but them.  If the general population really had a clue it the guillotine would have long come out and bankster heads would be displayed on pikes on wall street.

prains's picture

hence the geopolitical hot potatoe being played out from east to west everytime europe looks to go up in flames, voila kim junk dill pickle starts waving around his junk like a drunk in a vegas strip bar just in time to divert media attention away from euro-crash

PKF's picture

Yep, where I live...it's neighbor vs. neighbor.  Everyone is full of hatred and fear.  And whoever can play their music LOUDER than their neighbor is KING OF THE STREET.  The US used to be a nice place to live.  Alas. 

But I'll head to Ace Hardware...I like pitchforks and torches. 

Crash Overide's picture

"The complacency of the population"

 

Yup, people aren't pissed off enough yet...  I bought extras for when the neighbors wake up.

e_goldstein's picture

ignorance, stupidity, and Dancing With the Stars

DeadFred's picture

Do you know when the next season starts?? I can't wait!

Colonel Jessup's picture

I'm with you Al - I think the answer is that most people still have something left to lose and are not desperate to really go out and start taking matters into their own hands - the globalists know this, and plan accordingly. People dont get too upset until things affect them directly, and as we learned from 1930's Germany - when they come for you, it's too late. 

PlausibleDenial's picture

Hence the attack on the Second Amendment.  Just finished a book about various dictators.... talk about a template??  Fuck me running!!!

Mike in GA's picture

note also the sudden jump in assassination-style murders of law enforcement bigwigs...I would not be surprised to find a correlation

Stuck on Zero's picture

Skilling has a myriad of career opportunities waiting for him: CBS Newscaster, GE Executive in charge of business relations, pundit, Cypriot Finance Chief, Chief Justice, or campaign manager for Hillary.

 

machineh's picture

First priority is to reclaim his board of directors seat at the Dallas Fed, which he resigned after his indictment.

californiagirl's picture

Madoff's mistake was turning himself in and admitting he did something criminal.  Otherwise, he could have probably received a bailout under TARP or one of the other backdoor programs and would be enjoying his billions.

wee-weed up's picture

Maybe he and Corzine could start up a new investment firm...

I did it by Occident's picture

Haha, I just posted the same thing and just saw your post.   They'll run it out of Cyprus

FoeHammer's picture

That's right. Our society better get its shit together and better utilize elite human capital. I mean, they create jobs and stuff right?

Caviar Emptor's picture

OMG yes! More than ever we need creative financial guys like Skilling to act as shepherds for the masses! They create. They are creators. While all those who leach off the system by getting up in the morning and eating, going to work burning gas and electricity, breathing air just so they can become aspirational consumers are trash.
Let's start over right now: Skilling for President!

californiagirl's picture

Skilling can then join the ranks of other former jailbirds like Icahn, Boesky and Milken, whose post-incarceration, financially-enriching, criminal activities will far exceed the pre-incarceration activites that put him in jail in the first place, and which he can now enjoy with impunity thanks to our surreal, too-politically-connected-to-indict, Holder-run Justice Department.

Silver Bug's picture

Wow does this actually surprise anyone?

 

http://sprottmoneyblog.com/

Sandmann's picture

No doubt, but I suspect he'll be a Visiting Professor at SMU and HBS telling The Young that prison is best reserved for later on the resume when you need regular meals and a free gym

californiagirl's picture

Prison is a quaint, old-fashioned idea.  We don't do that anymore as long as the financial crime is large enough

waterhorse's picture

If he's an attorney maybe he can cozy up at Covington & Burling.

Buck Johnson's picture

Our country is pathetic in putting those that hurt the rest of the 99% of the country in prison for decades.

Papasmurf's picture

Should have been death penalty.

Frastric's picture

Crime always pays... Especially if you've swindled billions...

Vashta Nerada's picture

And you can't bundle from prison.

resurger's picture

No body should know, couple of millions from here and there wont hurt.