No mention of Jeff Skilling? - PeachParts Mercedes-Benz Forum

Kuan · #1 10-26-2006, 06:38 PM

That's because BHD isn't here. Twenty four years. Wow!

Dee8go · #2 10-26-2006, 09:10 PM

It seems fitting to me. I was upset that his co-conspiritor's guilty verdict was vacated because he died. He was still guilty!

If a guy can be sentenced to ten years fro robbing a Seven Eleven of $50, then certainly a guy who has ruined thousands of people and bankrupted their retirement savings ought to spend the rest of his life in prison. No?

Kuan · #3 10-26-2006, 09:36 PM

That's fitting. I hope he lives long enough to be released so he can hand out carts at Wallyworld.

t walgamuth · #4 10-26-2006, 11:08 PM

i hope there is a way to get restitution.

for a man like that letting him out of jail but pennyless might be more punishment than being in jail with no worries about the next meal.

i am presuming he will get his time in a country club jail, not the kind where he might become some big scarey fellows girlfriend.

tom w

Dee8go · #5 10-27-2006, 09:53 AM

He was sentenced to go to Butner in NC, I think I read in one account. I don't think it's a "country club." Part of Butner is a government mental hospital, too.

Yeah, If he ends up as a greeter at Walmart, that would be a fitting end for a scoundrel like him. Then he can get to know some of his fellow ex-Enron employees who now have to work there, too.

John Doe · #6 10-27-2006, 11:53 AM

Quote:

Originally Posted by t walgamuth

i hope there is a way to get restitution.

for a man like that letting him out of jail but pennyless might be more punishment than being in jail with no worries about the next meal.

i am presuming he will get his time in a country club jail, not the kind where he might become some big scarey fellows girlfriend.

tom w

In the front page headline story this week about his conviction in every newspaper in the country, there was mention as to where he would be incarcarated and what the place is like, as well as the seizure of his remaining $60M in assets and how they would be distributed among those affected by his crimes.

Skilling's sentence length was about not showing remorse. It is hard to show remorse when your commitment to being not guilty is the heart of your defense and you plan to appeal. Skilling tried to show remorse by attempting to express sympathy for those affected by Enron, but the judge didn't buy it because he wouldn't say it was his fault. IMO his appealable issues have less merit than the ones Bernie Ebbers tried---so I think it was a dumb strategy, and he should have admitted his guilt and could have shaved 7-8 years off his sentence.

John Doe · #7 10-27-2006, 12:01 PM

Quote:

Originally Posted by Dee8go

He was sentenced to go to Butner in NC, I think I read in one account. I don't think it's a "country club." Part of Butner is a government mental hospital, too.

It was not a violent crime, and they save the precious little space in the hardcore Federal Pens for violent crimes because they need more man power to deal with those folks. People get upset about the so-called Country Club prisons, but the fact is that the statistics show that white-collar criminals don't try to escape, kill guards, other inmates, smuggle drugs into prison, ect...., so taking away their personal freedom is done while wasting as little resources as possible. I spent the day playing golf with a young man that just finished 4 years in a low security prison for embezzlement (bank) in the same dormitory unit as former LA governor Edwin Edwards a couple of weeks ago. He told me Edwards was what some of the guards considered to be a 'best friend'--they bring him food and presents on his birthday, ect... because he is doing his time like a nice boy. Butner is a nice area on the Nuese river on the border w/VA just off 85. I did a lot of fishing up there when I lived in Burlington

Ocean View · #8 10-27-2006, 01:12 PM

He got what he deserved.

No matter how nice the prison is, it won't be a picnic compared to the lifestyle that he was accustomed to.

Was he married? Kids?
If they go after his assets, does that mean the family gets left out in the cold?

John Doe · #9 10-27-2006, 01:42 PM

Quote:

Originally Posted by Ocean View

He got what he deserved.

No matter how nice the prison is, it won't be a picnic compared to the lifestyle that he was accustomed to.

Was he married? Kids?
If they go after his assets, does that mean the family gets left out in the cold?

Agreed--although from my perspective he got what he deserved becaue a jury found him guilty.

The govt has already moved to seize Skilling's assets. My understanding is that Skilling had not engaged in any 'seizure protection strategy' ala OJ with retirement annuities, ect.... and had a lot of cash on hand and some real estate. The hickup is going to be that out of that $60M, his lawyers are challenging the govt. to disburse $20M to them. There is also the issue of Mr. Skilling's child support obligation which is also being challenged.

Far more complicated is Ken Lay. He didn't have near the money of Skilling, but since he died before sentencing--he is NOT GUILTY. Therefore, the govt. can't seize jack **** from his estate. So various aggrieved parties will have to sue his estate civilly if they want anything out of him. The bulk of what his wife got when he died was life insurance proceeds, which are normally not subject to judgmentg, even when the payments may have been made with ill gotten gains.

What I have heard at a national meeting on the subject is that a collective strategy is going to emerge class action style, where the plaintiffs go after deeper pockets, like companies that profitted from doing business with Enron, while knowing something was afoot--I heard GoldmanSachs mentioned for instance. This is similar to what has happened with folks who lost money in WorldCom.