Court rejects Skilling appeal again

AP News
Posted: Apr 16, 2012 10:37 AM
Court rejects Skilling appeal again

The Supreme Court has rejected another appeal from Jeffrey Skilling, the ex-CEO of disgraced energy giant Enron.

The high court on Monday refused to hear his appeal of a lower court's rejection of his theory that a flaw in his earlier trial meant that the whole thing should have been thrown out.

Skilling was convicted in 2006 of conspiracy, securities fraud, insider trading and lying to auditors for his role in the downfall of the once-mighty Houston-based energy giant. The company collapsed into bankruptcy in 2001 under the weight of years of illicit business deals and accounting tricks. Skilling is serving a sentence of more than 24 years at a minimum security prison outside Denver, although he is awaiting resentencing.

In 2010, the Supreme Court said one of his convictions was flawed when it sharply curtailed the use of the "honest services" fraud law, and told the 5th U.S. Circuit Court of Appeals in New Orleans to decide whether he deserved a new trial.

The lower court said no, but Skilling's resentencing can move forward.