Democracy Gone Astray

Democracy, being a human construct, needs to be thought of as directionality rather than an object. As such, to understand it requires not so much a description of existing structures and/or other related phenomena but a declaration of intentionality.
This blog aims at creating labeled lists of published infringements of such intentionality, of points in time where democracy strays from its intended directionality. In addition to outright infringements, this blog also collects important contemporary information and/or discussions that impact our socio-political landscape.

All the posts here were published in the electronic media – main-stream as well as fringe, and maintain links to the original texts.

[NOTE: Due to changes I haven't caught on time in the blogging software, all of the 'Original Article' links were nullified between September 11, 2012 and December 11, 2012. My apologies.]

Wednesday, May 08, 2013

Ex-Enron CEO Jeffrey Skilling In Deal To Cut Prison Sentence By 10 Years

Former Enron CEO Jeff Skilling would be freed from prison by 2017 under a newly proposed deal, CNBC reports. That would reduce Skilling's current sentence by more than a decade.

More from Reuters:

According to court papers on Wednesday, the government and Skilling have agreed to recommend that Skilling be resentenced at a June 21 hearing to a term of 14 to 17-1/2 years, a period that could be reduced for good behavior.

Skilling, 59, has been in prison since December 2006, following his conviction by a Houston federal jury on 19 counts of securities fraud, conspiracy, insider trading and lying to auditors.

"The proposed agreement brings certainty and finality to a long painful process," Skilling's lawyer Daniel Petrocelli said in a statement. "Although the recommended sentence for Jeff would still be more than double any other Enron defendant, all of whom have long been out of prison, Jeff will at least have the chance to get back a meaningful part of his life."

Wednesday's proposed sentence also calls for Skilling to make more than $40 million in restitution to Enron victims and end his appeals of his conviction.

Skilling has long maintained his innocence, and according to court filings had been pursuing a new trial.

"This agreement ensures that Mr. Skilling will be appropriately punished for his crimes and that victims will finally receive the restitution they deserve," said Peter Carr, a U.S. Department of Justice spokesman. "Mr. Skilling will no longer be permitted to challenge his conviction for one of the most notorious frauds in American history."

A new sentence would be imposed by U.S. District Judge Sim Lake in Houston, who had ordered the original 24-year sentence.

In 2009, the 5th U.S. Circuit Court of Appeals upheld Skilling's conviction, but called his sentence too harsh. The following year, the U.S. Supreme Court also upheld the conviction, but rejected one legal theory behind it. Then in 2011, the 5th Circuit reaffirmed the conviction.

The case is U.S. v. Skilling, U.S. District Court, Southern District of Texas, No. 04-cr-00025. (Reporting by Jonathan Stempel in New York; Additional reporting by Aruna Viswanatha in Washingotn, D.C.; Editing by Gerald E. McCormick)

Original Article
Source: huffingtonpost.com
Author: The Huffington Post/Reuters

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