Fraud Conviction of Former Enron Executive Upheld
A federal appeals court has upheld the fraud conviction of former Enron executive Jeffrey Skilling. The court heard Skilling’s appeal after the U.S. Supreme Court narrowed the “honest services” provision of the federal fraud statute. Read how the U.S. Court of Appeals for the Fifth Circuit upheld the conviction, ruling that even if the convictions related to the honest services provision were thrown out, sufficient evidence remained to prove that Skilling had conspired with others to manipulate Enron’s earnings and conceal its losses.
