At a Monday hearing where Jeffrey Skilling continued to proclaim his innocence, U.S. District Judge Sim Lake sentenced the former Enron CEO to more than 24 years in prison, a term at the low end of a range set by federal sentencing guidelines. In May, a jury found Skilling guilty of 19 criminal charges stemming from Enron's collapse. Lake also approved a settlement that would provide money to plaintiffs in litigation filed by shareholders and employees who lost money through Enron's retirement plans.
Former Enron CEO Jeffrey Skilling Sentenced to 24 Years in Prison
October 24, 2006