Ex-Enron CEO Reports to Prison - Cleveland 19 News Cleveland, OH

Ex-Enron CEO Reports to Prison


WASECA, Minn. (AP) - He once lived in a multi-million dollar mansion. But today, former Enron CEO Jeffrey Skilling is settling into a new home -- a low-security federal prison in Minnesota.

Skilling entered the federal lockup a day after a judge told him he can't stay out on bail during his appeal. He's starting a more-than 24 year sentence for a list of crimes including insider trading and fraud. That's more than double what any other Enron official got.

Skilling was convicted in May along with Enron founder Ken Lay, who later died. Their financial shenanigans led to Enron's collapse, costing thousands of people their jobs, and wiping out (b) billions in stock and pension plans.

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