Wednesday, December 13, 2006

Update: Skilling Ordered to Prison Immediately



Cheers!

HOUSTON — A federal appellate court denied former Enron Chief Executive Officer Jeffrey Skilling's request to remain free during his appeal Tuesday and ordered him imprisoned immediately.
Judge Patrick Higginbotham of the 5th U.S. Circuit Court of Appeals wrote in his two-page order that "Skilling raises no substantial question that is likely to result in the reversal of his convictions on all of the charged counts."

As a result, Higginbotham denied Skilling's request for bail pending his appeal and vacated an earlier order staying his prison report date.

Skilling is now required to report to a low-security federal prison in Waseca, Minn., to begin serving his 24-year sentence on 19 counts of conspiracy, fraud and insider trading.



http://www.chron.com/disp/story.mpl/ap/fn/4398421.html

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