Former Enron Corp., CEO Jeffrey Skilling, has been released from federal imprisonment for more than a decade behind bars.
Skilling, convicted in 2006 of one of the worst corporate melting fields in history, was freed Thursday after 12 years in a mini-security community in Alabama and six months in a halfway in Texas.
Skilling, now 65, was sentenced to 24 years in prison and fined $ 45 million for multiple counts of security fraud, conspiracy and other crimes. In 2013, the sentence was reduced to 14 years.
Houston-based Enron collapsed in bankruptcy in 2001 after years of illegal business travel and accounting tricks that beat over 5,000 people out of work, eliminating over $ 2 billion in employee pensions and making worthless $ 60 billion in the Enron stock.
From The Associated Press