(DENVER) — Jeffrey Skilling, who became the poster boy for corporate greed more than a decade ago, could be catching a monumental break as he spends time at a low security prison in Denver.
In May 2006, Skilling was convicted in Houston of conspiracy and fraud relating to the collapse of one-time energy giant Enron through a series of shady dealings and crooked bookkeeping.
The crimes were responsible for thousands of people losing their jobs and life-savings.
However, Skilling, who was sentenced to 24 years in prison, could see as much as 10 years lopped off his jail term if a judge approves a deal with prosecutors that would use as much as $40 million of Skilling’s forfeited assets as restitution for the victims of Enron’s collapse.
Having served seven years already, the 59-year-old former CEO could be out of prison as early as 2017 if the judge approves the arrangement next month.
During his time behind bars, Skilling learned that his 20-year-old son, John Taylor Skilling, died from an apparent drug overdose in February 2011.
Copyright 2013 ABC News Radio
Kathryn Vasel, CNN
Nate Eaton, EastIdahoNews.com
Aaron Smith and Evan Perez, CNM