GO
Loading...

Enron's Skilling Prison Check-In Date Delayed

cnbc.com
Monday, 11 Dec 2006 | 8:20 PM ET

Former Enron president Jeffrey Skilling's prison check in has been temporarily delayed by a federal appellate court, The Wall Street Journal reported.

Mr. Skilling was supposed to report to a federal prison in Minnesota Tuesday but lead criminal defense attorney Daniel Petrocelli said the Fifth Circuit court of appeals has delayed the scheduled report date as it was considering his motion for bail, pending an appeal of his conviction earlier this year on 19 criminal counts.

Skilling Update
Jeff Skilling will not go to jail tomorrow while a judge considers elements of his appeal, with Dylan Ratigan, CNBC Business News

“We are heartened that the court of appeal is taking the time necessary to decide this important motion," Mr. Petrocelli was quoted as saying.

As reported, Mr. Skilling received a more than 24-year prison sentence in connection with that fraud and conspiracy conviction in a Houston federal court. The case arose out of Enron's collapse into bankruptcy in December 2001.

Mr. Skilling has consistently maintained his innocence and granting bail would allow him to stay out of prison pending his appeal, which could take a year or more to consider.

Featured

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    › Learn More

Don't Miss

U.S. Video

  • CNBC's Jim Cramer explains why he is watching the oils, including Baker Hughes, Pioneer Natural Resources and EOG Resources.

  • In this clip from the March 10, 2009 edition of CNBC's Squawk on the Street, the late Mark Haines tells Erin Burnett, "I think we're at a bottom. I really do." As the credit crisis continued to swirl, the Dow had closed the day before at 6,547.05, a staggering 54 percent plunge from its all-time closing high above 14,000 in October of 2007. It was "going out on a limb" at the time, but has proved to be one of the best market calls ever heard on CNBC. March 9 turned out to be the bear market closing low. In the three years since Mark's call, the Dow has almost doubled.

  • CNBC's Rick Santelli and the traders on the floor of the CME Group express outrage over the notion they may have to pay their neighbor's mortgage, particularly if they bought far more house than they could actually afford, with Jason Roney, Sharmac Capita