Category Archives: Enronarama

Enron, 20 years later

Memories. It was hailed as the most innovative company in America, a hometown energy giant whose name graced one of Houston’s skyscrapers and the Astros ballpark. Enron was founded in 1985 as a natural gas pipeline company and became one of the largest … Continue reading

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Who wants to invest in Jeff Skilling?

Here’s your chance. Former Enron CEO Jeffrey Skilling, released last year after a 14-year prison term stemming from the energy firm’s collapse, is raising funds to launch a digital marketplace catering to professional oil and gas investors, according to four … Continue reading

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Skilling settles longstanding lawsuit

Old business. Less than two months after leaving prison, former Enron Chief Executive Officer Jeffrey Skilling settled a 17-year-old lawsuit claiming he helped defraud a Canadian investment firm with the promotion of the defunct energy company’s securities as it headed … Continue reading

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Enron’s other legacy

The company is long gone, its leaders have faded into history, but Enron’s emails are forever. During its 2002 investigation of the bankruptcy of Enron, the US Federal Energy Regulatory Commission (FERC) checked the energy company’s emails: more than 600,000 … Continue reading

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Skilling officially sprung

There he goes. Jeffrey K. Skilling, the former Enron CEO who spent the past 12 years in prison for his role in masterminding one of most notorious corporate fraud cases in history, was released from federal custody on Thursday, the … Continue reading

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Jeff Skilling released from prison

It’s the end of an era. Jeffrey K. Skilling, the former Enron CEO sentenced to a long prison term for his role in one of most notorious corporate fraud cases in history, was recently released from a minimum security federal … Continue reading

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Andy Fastow’s second act

I don’t know what to make of this. “I’m always surprised when people ask me to speak about business ethics; it’s like getting Kim Kardashian to speak about chastity.” These words, from the lips of Andrew Fastow, elicit generous laughs … Continue reading

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Skilling gets resentenced

He got the minimum of what he could have gotten. The long-running battle between federal prosecutors and former Enron CEO Jeff Skilling formally came to an end Friday when U.S. District Judge Sim Lake signed off on a negotiated sentence … Continue reading

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Skilling’s sentence shortened

Jeffrey Skilling’s day in court will come to an end. Responding to a federal appeals court mandate, lawyers for former Enron CEO Jeff Skilling and the U.S. Department of Justice Wednesday reached an agreement that could knock a decade off … Continue reading

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Skilling might get a sentence reduction

But don’t expect him to get out of jail anytime soon. Attorneys for former Enron CEO Jeff Skilling and the Department of Justice are discussing an agreement to reduce his prison time and possibly avert a drawn-out court battle. Those … Continue reading

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Skilling asks for new trial

Good luck with that. Former Enron CEO Jeffrey Skilling’s appellate battle apparently will continue with what his attorney says is “newly discovered evidence.” In a motion for a time extension filed last week, Daniel Petrocelli asked to have until August … Continue reading

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Enron, ten years after

Ten years ago today, on December 2, 2001, Enron officially collapsed. Apparently, you can buy some memorabilia cheap on eBay, which is fitting in a weird way. The Chron had a bunch of Enron look-back stories on Sunday to commemorate. … Continue reading

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Skilling conviction upheld

Some Enron news for you: A U.S. Supreme Court decision does not undo any of the convictions against former Enron CEO Jeffrey Skilling, but his case should still be sent back to a Houston judge for resentencing, an appeals court … Continue reading

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Skilling’s appeal goes to SCOTUS

Jeff Skilling, the former CEO of Enron now serving jail time after being convicted on multiple charges stemming from that debacle, gets his day in the Supreme Court. Skilling now asks the court to grapple with two issues about the … Continue reading

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Skilling to get a new sentence

Some good news, but mostly not-so-good news for Jeff Skilling. An appeals court today upheld former Enron Chief Executive Jeff Skilling’s 19 federal felony convictions, but ordered a trial court to resentence him. The three-judge panel of the 5th U.S. … Continue reading Continue reading

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A pardon for Clemens?

Seems unlikely to me, too. Two Houstonians — former Enron executive Jeff Skilling and former Astros pitcher Roger Clemens — are on a watch list kept by P.S. Ruckman Jr., a political science professor in Illinois who writes a blog … Continue reading Continue reading

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Pai pays up

Been awhile since there was an Enron-related story that interested me. A former top Enron executive who sold nearly $300 million in Enron stock before the company cratered has agreed to pay regulators $31.5 million to settle civil allegations of … Continue reading Continue reading

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What’s wrong with this picture?

Seen on the Chron’s Business page yesterday evening: Continue reading

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Enron Broadband convictions tossed

Last year, on their second attempt, federal prosecutors secured convictions against former Enron Broadband Services CFO Kevin Howard. Yesterday, those convictions were dismissed. A theory used by prosecutors and an instruction to jurors regarding deliberations prompted U.S. District Judge Vanessa … Continue reading Continue reading

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Skilling gets prison postponement

Score one for Skilling. Jeff Skilling won’t be calling this southern Minnesota town home just yet. Late Monday, the U.S. 5th Circuit Court of Appeals issued an order postponing the ex-Enron CEO’s Tuesday report date to a low-security federal prison … Continue reading Continue reading

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“Enron: The Musical”

I suppose it was just a matter of time. Jeff Skilling, Andy Fastow and the rest of the Enron gang will have a new home very soon. No, not prison. The stage. Enron – the Musical makes its world premiere … Continue reading Continue reading

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Enron sentencings and settlements

Been a rather busy week in Enronland. Let’s catch up a bit: – Jeff Skilling has reached a settlement on all remaining litigation against him by former employees who lost their pensions in the crash. The ex-CEO, who is scheduled … Continue reading Continue reading

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Skilling gets 24 years

And so the Enron saga more or less comes to a close, pending appeals and the ongoing civil suits. Former Enron Corp. CEO Jeff Skilling took the blow of a 24-year prison sentence the same way he took a jury’s … Continue reading Continue reading

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Kenny Boy unconvicted

Kenny Boy Lay’s criminal record has been officially wiped clean. Former Enron Chairman Ken Lay’s criminal conviction was vacated and his indictment dismissed by a judge today. U.S. District Judge Sim Lake granted the request by Lay’s estate to vacate … Continue reading Continue reading

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Fastow gets six years

Andy Fastow receives his punishment, and it’s less than what it could have been. Andrew Fastow, Enron’s former chief financial officer, received a 6-year prison sentence today for his role in the 2001 demise of the energy company. Fastow’s sentence … Continue reading Continue reading

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Kenny Boy’s rehab gets underway

The process to eliminate Ken Lay’s criminal record has begun. Samuel Buffone, a Washington, D.C., attorney who was expected to represent Lay in his appeals, filed a motion Wednesday asking District Court Judge Sim Lake to substitute Lay’s estate for … Continue reading Continue reading

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Ken Lay’s money

The subject of what happens to the allegedly ill-gotten gains Ken Lay owned now that he’s dead was raised yesterday as the news of his death came out. Today, the Chron takes a closer look. When the criminal case is … Continue reading Continue reading

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RIP, Ken Lay

Former Enron CEO Ken Lay, who was just convicted on multiple felony counts relating to the fall of his company, died suddenly yesterday at the age of 64. Convicted Enron Corp. founder Ken Lay suffered a massive coronary Tuesday and … Continue reading Continue reading

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Enron’s emails

Via David Pogue’s technology blog comes Enron Email. Search through more hundreds of thousands of email messages to and from 176 former Enron executives and employees from the power-trading operations in 2000-2002. For the first time, they are available to … Continue reading Continue reading

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Split verdicts in the Enron Broadband retrials

Last year, the Enron federal task force failed to secure any convictions in the first trial of executives of the former Enron Broadband Services. Even though that case was considered stronger than some of the others they had to try, … Continue reading Continue reading

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The Enron jury

Just filing this for future reference. Conversations with panelists who sat in judgment of Lay and fellow former Enron executive Jeff Skilling revealed a spiritual group of Texans who went into the jury room teetering back and forth and came … Continue reading Continue reading

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After the verdict

So it’s been a day now since Jeff Skilling and Kenny Boy Lay were convicted on multiple felony counts related to Enron’s collapse and death. As you might expect, the Chron has wall–to–wall coverage of the verdict and reaction to … Continue reading Continue reading

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Enron verdict in

I know I haven’t been following the trials of former Enron honchos Jeff Skilling and Kenny Boy Lay, but apparently the jury is back and we’re about to get some verdicts. So consider this a placeholder for when they’re in, … Continue reading Continue reading

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Now playing defense

So the prosecution rested its case last week in the Ken Lay/Jeff Skilling trial, and after a short break the defense has gotten started. I know, I know, I’ve totally ignored this for some time now. I can’t really say … Continue reading Continue reading

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