Agreement with the Justice Department in the works
Former Enron CEO Jeffrey Skilling may get out of prison early. CNBC.com is reporting that Skilling's attorneys are negotiating with the Justice Department.
The former Enron head was sentenced in 2006 to 24-years in prison for his role in the energy giant's failure - convicted of fraud, conspiracy, and insider trading. An appeals court overturned the sentence claiming it was too harsh, but the re-sentencing has repeatedly been delayed. It is not yet clear how much of his sentence would be eliminated.
The Justice Department is required by law to send notice to the victims. US District Judge Sim Lake - who imposed the original sentence - would still have the final say.
Skilling has repeatedly maintained his innocence. Under the deal, he would reportedly drop any further appeals.