Top court to hear appeal by Enron's Skilling
source: http://today.msnbc.msn.com/id/33291862/ns/business-us_business/
-
-
- hpseaton
- added this
WASHINGTON - The Supreme Court will consider throwing out the convictions of former Enron Chief Executive Officer Jeffrey Skilling for his role in the collapse of the one-time energy giant in one of the largest scandals in U.S. business history.
The court said Tuesday it will hear Skilling's appeal of lower court rulings that upheld all 19 of his 2006 convictions of conspiracy, securities fraud, insider trading and lying to auditors involving the 2001 collapse of Enron.
Skilling, serving a 24-year prison term, is asking the court to consider whether the federal "honest services" fraud statute was applied correctly. The justices already have two other cases on their schedule dealing with the honest services law, a favorite tool of federal prosecutors in white-collar crime and public corruption cases.
The law has been criticized as vague and unfair because the government need not prove, in some instances, that a defendant personally benefited from the alleged fraud.
Skilling also questions whether he received a fair trial in Houston following Enron's collapse.
A ruling in his favor probably would result in a new trial.
The court said Tuesday it will hear Skilling's appeal of lower court rulings that upheld all 19 of his 2006 convictions of conspiracy, securities fraud, insider trading and lying to auditors involving the 2001 collapse of Enron.
Skilling, serving a 24-year prison term, is asking the court to consider whether the federal "honest services" fraud statute was applied correctly. The justices already have two other cases on their schedule dealing with the honest services law, a favorite tool of federal prosecutors in white-collar crime and public corruption cases.
The law has been criticized as vague and unfair because the government need not prove, in some instances, that a defendant personally benefited from the alleged fraud.
Skilling also questions whether he received a fair trial in Houston following Enron's collapse.
A ruling in his favor probably would result in a new trial.
-
- tags:
- Enron, jeffrey skilling
