As we reported a month ago, when we reported that Enron CEO Jeff Skilling may be released from prison early [4], moments ago we just learned that, to nobody's real surprise, the mastermind of the biggest US bankruptcy in the early 21st century may be behind bars for just four more years, cutting his total sentence, which was scheduled to expire in 2028, by 11 years. From Bloomberg:
- ENRON'S SKILLING AND JUSTICE DEPARTMENT REACH SENTENCE DEAL
- ENRON'S SKILLING MAY BE RELEASED IN 4 YEARS, LAWYER SAYS
- ENRON'S SKILLING WAS SENTENCED TO MORE THAN 23 YEARS IN PRISON
- ENRON SENTENCE DEAL ALLOWS OVER $40 MLN RESTITUTION PAYOUT
- ENRON'S SKILLING HELPED MASTERMIND MASSIVE FRAUD AT ENERGY FIRM
Indeed he did: which is why it is surprising he served any prison time at all.
So in brief: justice for all, except for those who have $40 million set aside for "restitution payments."