Supreme Court to Hear Enron Appeal

Perhaps watching the CEOs of the banks that caused the financial collapse walk free made former Enron CEO Jeffrey Skilling a bit hot under the collar? The Supreme Court announced on Tuesday that it will entertain Skilling’s appeal to his 2006 fraud conviction stemming from Enron’s collapse. Skilling argued in his petition to the Supreme Court that he was convicted under an invalid legal theory that he committed fraud by depriving Enron of “honest services.” Skilling argues that the government never claimed that his actions were made by personal gain. Skilling also alleges he received an unfair trial in Houston, where the general populace was hostile. He was sentenced to 24 years in prison and forfeited $45 million.