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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 people familiar with the matter.

The venture, called Veld LLC, plans to profit by charging a fee for marketing stakes in operating oil and gas wells, one of the people said, and will offer analytical data to investors interested in the well stakes.

Investors can acquire holdings in between one and 10 wells, which the presentation described as “pods,” and will be sold to the investors as high-yield investments, the people familiar with the business pitch said on the condition of anonymity.

It was not clear how much Skilling is seeking to raise to launch Veld. He has been holding meetings with energy investment firms in recent months, the people said.

Skilling has been working nearly two years on the project, which was first incorporated by his wife in Texas in late 2018 and merged with a Delaware company with the same name the following year. The business is expected to be up and running by year-end, one of the people said.

However, at least one investor who listened to his presentation was reluctant to invest in the venture because of his Enron past, that person said.

Well, the terms of his release said he had to get a job. What could possibly go wrong?

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