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| Version 1 | Version 2 |
|---|---|
| Enron's boss due to be sentenced | Enron's boss due to be sentenced |
| (about 4 hours later) | |
| Sentencing of former Enron boss Jeffrey Skilling is due to start later on Monday for his role in the giant fraud that led to the firm's 2001 collapse. | Sentencing of former Enron boss Jeffrey Skilling is due to start later on Monday for his role in the giant fraud that led to the firm's 2001 collapse. |
| Skilling, who back in May was found guilty on 19 counts including fraud, conspiracy and insider trading, could receive 20 to 30 years in prison. | Skilling, who back in May was found guilty on 19 counts including fraud, conspiracy and insider trading, could receive 20 to 30 years in prison. |
| The former Enron chief executive was tried and convicted together with the firm's former chairman Kenneth Lay. | The former Enron chief executive was tried and convicted together with the firm's former chairman Kenneth Lay. |
| Mr Lay has since died and his own convictions have been quashed. | Mr Lay has since died and his own convictions have been quashed. |
| Jeffrey Skilling just totally destroyed our corporation Former Enron worker Charles Prestwood href="/1/hi/business/6077062.stm" class="">Profile: Jeffrey Skilling | |
| This is because Mr Lay, who died of a heart attack in July, passed away before he was able to appeal against the verdict. | This is because Mr Lay, who died of a heart attack in July, passed away before he was able to appeal against the verdict. |
| In addition to a long prison sentence, Mr Skilling faces a multi-million dollar fine. | In addition to a long prison sentence, Mr Skilling faces a multi-million dollar fine. |
| 'Major-league sentence' | 'Major-league sentence' |
| Mr Skilling's lawyer has already asked that his client be allowed to remain free pending appeal, or to at least not have to go to prison before 27 November - after the Thanksgiving holiday. | Mr Skilling's lawyer has already asked that his client be allowed to remain free pending appeal, or to at least not have to go to prison before 27 November - after the Thanksgiving holiday. |
| Kenneth Lay died at his Colorado ranch in July | Kenneth Lay died at his Colorado ranch in July |
| The scandal at the one-time energy giant left 21,000 people out of work, and shook corporate America, when the firm went bankrupt in 2001 with debts of $31.8bn (£18bn). | The scandal at the one-time energy giant left 21,000 people out of work, and shook corporate America, when the firm went bankrupt in 2001 with debts of $31.8bn (£18bn). |
| Mr Skilling was found to have orchestrated a series of loss-making deals and financial schemes to try and hide debts from investors. | Mr Skilling was found to have orchestrated a series of loss-making deals and financial schemes to try and hide debts from investors. |
| Analysts do not expect him to be shown much leniency. | Analysts do not expect him to be shown much leniency. |
| "I think we're going to see a major-league sentence," said white-collar crime expert Kirby Behre. | "I think we're going to see a major-league sentence," said white-collar crime expert Kirby Behre. |
| Former Enron staff hope this will be the case. | Former Enron staff hope this will be the case. |
| "Jeffrey Skilling just totally destroyed our corporation," said Enron retiree Charles Prestwood. | "Jeffrey Skilling just totally destroyed our corporation," said Enron retiree Charles Prestwood. |
| "He didn't tell us the truth...he was just a bad businessman." | "He didn't tell us the truth...he was just a bad businessman." |
| Mr Skilling's sentencing could roll over into Tuesday. | Mr Skilling's sentencing could roll over into Tuesday. |