UPDATE: Skilling ordered to jail! Yea!
HOUSTON (AP) -- It was a brief respite for Jeffrey Skilling.
One day after a federal appellate court ruled that the former Enron chief executive could remain free until it decided on his request for bail pending appeal of his sentence for conspiracy, fraud and insider trading, the judge in the cased rejected the request.
Judge Patrick Higginbotham of the 5th U.S. Circuit Court of Appeals wrote in his two-page order Tuesday that ''Skilling raises no substantial question that is likely to result in the reversal of his convictions on all of the charged counts.''
As a result, Higginbotham denied Skilling's request for bail pending his appeal and vacated an earlier order staying his prison report date.
Skilling is now required to report to a low-security federal prison in Waseca, Minn., to begin serving his 24-year sentence on 19 counts of conspiracy, fraud and insider trading.
HOUSTON (Reuters) - A U.S. appeals court will allow ex-Enron Chief Executive Jeffrey Skilling to stay out of prison while it considers granting him bail, according to a report published on the Wall Street Journal's Web site on Monday.
Skilling was scheduled to report to a federal prison in Minnesota on Tuesday to begin a 24-year sentence for his role in hiding Enron's financial condition from investors as the company's fortunes eroded prior to its 2001 collapse.
Skilling attorney Daniel Petrocelli told the paper he found out Monday evening the Fifth U.S. Circuit Court of Appeals would allow Skilling to remain under house arrest while it considers granting him bail during his appeals of fraud and conspiracy convictions.
A Houston jury convicted Skilling in May.
Found on American Palestinian New Generation
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