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            Enron CEO May Get Decade Cut from Prison Term in US Deal

   U.S. federal prosecutors and defense attorneys have reached a deal
   under which disgraced former Enron Corporation CEO Jeffrey Skilling
   could have 10 years trimmed from his 24-year prison term.
   Skilling was convicted in 2006 on 19 charges, including conspiracy,
   securities fraud and insider trading, for his role in Enron`s downfall.
   The Houston-based energy giant collapsed in 2001, after what
   prosecutors said were years of corrupt business deals and accounting
   gimmicks.
   The new agreement, which is awaiting approval by a federal judge,
   provides for a prison term of 14 to 17 years and levies a $40-million
   penalty against the 59-year-old Skilling.
   U.S. Justice Department spokesman Peter Carr said the deal ends all
   legal appeals by Skilling and allows victims of the collapse to begin
   receiving financial restitution. Authorities say the ongoing case had
   so far prevented the government from distributing Skilling`s seized
   assets to victims.
   A federal appeals court has on two occasions upheld Skilling`s
   convictions, while calling for a reduction in his sentence.
   Skilling is the highest ranking executive to be punished in the massive
   corruption scandal. Company founder Kenneth Lay`s similar convictions
   were vacated after he died of a heart attack in July 2006, just weeks
   being found guilty on 10 corruption counts.
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   [1]http://www.voanews.com/content/enron-ceo-may-get-decade-cut-from-pri
   son-term-in-us-deal/1657350.html

References

   1. http://www.voanews.com/content/enron-ceo-may-get-decade-cut-from-prison-term-in-us-deal/1657350.html