After All, He Merely Conspired to Commit Multibillion-Dollar Fraud — It’s Not Like He Did Anything Serious

From today’s New York Times:

Jeffrey K. Skilling, imprisoned for the last six years because of his role in the fraud that caused the collapse of Enron, has reached a deal that could reduce his sentence by more than a decade.

As part of the agreement with the Justice Department, the former chief executive of the energy giant will waive his rights to any further appeals. In addition, he has agreed to allow more than $40 million of assets that were seized from him to be distributed to victims of Enron’s failure.

Employees lost their retirement savings and shareholders lost billions of dollars after the once highflying company slid into bankruptcy in 2001.

Under federal prison rules, Mr. Skilling — who had been sentenced to 24 years and 4 months — could leave prison as soon as 2017.

Somehow I am doubting that this deal will be extended to, say, the drug addict who breaks into a house, steals a hundred bucks, and then offers to pay back twenty-five cents of it in exchange for having his sentence cut in half.

Favorite quote:

“The proposed agreement brings certainty and finality to a long painful process,” Daniel M. Petrocelli, a lawyer for Mr. Skilling, said in a statement.

Yes, by all means let’s do everything we can to keep prison a shorter and more pleasant process for wealthy white-collar criminals.

Comment Spam of the Day

This comment was posted the other day to a years-old entry on this blog. I don’t want the spammer to have its URL on my blog, so I’ve trashed it, but the text itself is pretty funny.

Wait to purchase each individual solitary clothe themselves with distinct retail store. Should you be one of the few ordinary, notify whilst pay a visit to go shopping your own gowns from the very same retail outlet. They are going to undoubtedly give you a discounted, if the many members of wedding social gathering agree with use a retailer buying, including the star of the event, the dignity plus the rose females. The price will likely be a smaller amount when everyone buy dresses in one distinct retail store. Maybe you also needs to take your spending budget into mind, and check your easiest to order the cheap best lady gown.