The U.S. Court of Appeals in New Orleans has given a reprieve to Enron’s former chief executive, who was due to report to prison yesterday and begin serving a 24-year sentence.The court’s stay of the order will keep Jeffrey Skilling, 53, out of the low-security Federal Correctional Institution in Waseca, Minn., for a while longer. He was convicted in May on securities fraud and conspiracy charges, related to his role in the accounting fraud that led to the company’s historic collapse.

Skilling has he was made a scapegoat and wants to remain free on bail throughout the course of his appeals process. Enron’s founder Ken Lay was convicted alongside Skilling, but died in July before he could be sentenced.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access