Thursday, April 7, 2011

U.S. appeals court upholds Jeff Skilling conviction

Former Enron Chief Executive Jeffrey Skilling was unsuccessful in his latest bid to overturn his criminal conviction as a U.S. appeals court called any errors in his trial "harmless."

A jury convicted Skilling in 2006 on 19 counts, including conspiracy and securities fraud, in connection with the collapse of the one-time energy trading giant. Prosecutors said Skilling's fraud was an elaborate ruse to fool investors into believing the shaky company was healthy.

He was sentenced to 292 months in prison. However, the U.S. Supreme Court later invalidated one theory underpinning the conspiracy conviction, and instructed the appeals court to review the case again.

The U.S. 5th Circuit Court of Appeals on Wednesday found that any error committed by the trial judge was "harmless." Skilling's challenge to all of his convictions must fail, the appeals court ruled.

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