Former Enron CEO Jeffrey Skilling Released From Jail

[sandorski]

A whole lot of Bankers and other Execs should have been his Cellmates.

 

[ch33zw1z]

I'm surprised he spent that much time in jail. We rarely punish financial crime like that.

My feels say life in jail would be ok.

 

[UNCjigga]

A whole lot of Bankers and other Execs should have been his Cellmates.

Bankers never go to jail. Ask Lehman Bros about that.

 

[s0me0nesmind1]

Bankers never go to jail. Ask Lehman Bros about that.

I'm surprised he spent that much time in jail. We rarely punish financial crime like that.

My feels say life in jail would be ok.

Bernie Madoff was sentenced to 150 years - and I would argue that the Enron situation was far worse

On June 29, 2009, Judge Chin sentenced Madoff to the maximum sentence of 150 years in federal prison.[23][119] Madoff's lawyers initially asked the judge to impose a sentence of 7 years, and later requested that the sentence be 12 years, because of Madoff's advanced age of 71 and his limited life expectancy.[120][121]

https://en.wikipedia.org/wiki/Bernard_Madoff#Plea,_sentencing,_and_prison_life

 

[SlowSpyder]

He should have served about 13 more years. He financially ruined many people for his own gain.

 

[mect]

After looking into it, it looks like they confiscated $45 million dollars out of $55 million. From white I can tell, he now has a net worth of about $2 million. While I'm okay with him being done after 13 years in prison, he shouldn't have been released as a millionaire.

 

[s0me0nesmind1]

After looking into it, it looks like they confiscated $45 million dollars out of $55 million. From white I can tell, he now has a net worth of about $2 million. While I'm okay with him being done after 13 years in prison, he shouldn't have been released as a millionaire.

Aren't there laws about what can and can't be touched? E.g. If you're in debt, they can never touch something like a qualified 401k since they are considered protected assets.

 

[mect]

Aren't there laws about what can and can't be touched? E.g. If you're in debt, they can never touch something like a qualified 401k since they are considered protected assets.

There might be, and there are likely aspects of this issue I haven't considered, but for these types of situations, it seems like assets should be used to pay off all debts and the rest should be seized and used to make reparations to the victims.. The only exception I can think of would be if there are dependents, but his kids are all grown.

 

[DarthKyrie]

Bernie Madoff was sentenced to 150 years - and I would argue that the Enron situation was far worse



https://en.wikipedia.org/wiki/Bernard_Madoff#Plea,_sentencing,_and_prison_life

Madoff was sentenced to that many years because he ripped off rich people. Now if he had only ripped off the plebs he would probably have only gotten a 6-month sentence.

 

[Zorba]

I think the engine room on your tug boat needs better ventilation.

I never said "punishing them is cruel". 13 years behind bars is an incredibly harsh punishment, but because of the society we live in, it can never be harsh enough. If we pulled out his fingernails people would complain that we didn't do his toenails too.

Fuck that, this guy deserved the needle more than the vast majority of people on death row. How many tens of thousands of people did this POS personally ruin the lives of? People who went from having a comfortable retirement to having nothing. How about people that died from heat stroke during his manufactured rolling blackouts.

 

[Zorba]

Skilling and Lay were responding to the rewards and incentives of capitalism. By crucifying the two individual actors, you can comfortably ignore that the insanely pathological economic system we use produces scammers, grifters, cheaters, liars, etc. by the boatload.

A big reason for that is because we never effectively punish the scammers, grifters, cheaters, liars, etc.

 

[dasherHampton]

Is he prohibited from working in finance?

 

[DarthKyrie]

Is he prohibited from working in finance?

He better be.

 

[woolfe9998]

Madoff was sentenced to that many years because he ripped off rich people. Now if he had only ripped off the plebs he would probably have only gotten a 6-month sentence.

Actually Jewish charities accounted for a large percentage of his victims and total assets stolen. Meaning the money wasn't earmarked for the rich.