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Court upholds Jeff Skilling conviction

Former Enron Chief Executive Jeffrey Skilling was unsuccessful in his latest bid to overturn his criminal conviction as a U.S. appeals court called any errors in his trial “harmless.” Get the full story »

WikiLeaks sets sights on major U.S. bank

A big U.S. bank is the target of the next megadata dump by WikiLeaks, the online site that this week released a trove of confidential U.S. diplomatic cables from around the world. In an interview with Forbes, WikiLeaks’ Julian Assange compared the upcoming release, scheduled for next year, to the damaging emails that came out after the collapse of Enron Corp. He did not identify the bank.

That’s not stopping others from speculating.
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With ‘honest services’ out, Skilling seeks new trial

The former CEO of disgraced energy giant Enron asked a federal appeals court  Monday to grant him a new trial based on a Supreme Court ruling his attorney said puts his conviction for conspiracy and securities fraud in question.

Daniel Petrocelli, attorney for Jeffrey Skilling, presented his argument to a three-judge panel scheduled by the New Orleans-based 5th U.S. Circuit Court of appeals. The U.S. Supreme Court’s ruling in June that an anti-fraud law was improperly used to help convict Skilling in 2006 for his role in Enron’s calamitous downfall demanded a new trial, Petrocelli said. The jury received bad instructions, he said, that could have tainted their decision. Get the full story »

Skilling denied bail while conviction’s reviewed

A federal appellate court judge on Friday turned down former Enron Corp.  executive Jeffrey Skilling’s request for bail pending the continuing judicial review of his 2006 conspiracy and fraud conviction. The former Enron chief executive is serving a 24-year prison sentence.
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Supreme Court tweaks part of Sarbanes-Oxley

The Supreme Court largely affirmed Monday the legitimacy of an accounting regulator created by a post-Enron antifraud law, striking down only a minor provision of  it.

The Public Company Accounting Oversight Board was established in 2002 as part of the Sarbanes-Oxley law, which Congress passed after the Enron Corp.  scandal exposed a wave of accounting chicanery used by some companies to pump up their stock prices during the late-1990s bull market. Get the full story »

Supreme Court sides with Conrad Black, Skilling

Former media baron Conrad Black scored a victory at the U.S. Supreme Court Thursday, but the ruling does not vindicate him.

Black, the former chief executive of Hollinger International Inc., which owned the Chicago Sun-Times, is serving a 78-month prison sentence.

The high court cast doubt on his 2007 fraud conviction related to $5.5 million in unauthorized bonuses he and three senior executives took from Hollinger. In addition to violating conventional mail and wire-fraud laws, Black and other Hollinger executives, prosecutors charged, cheated shareholders of “their intangible right to honest services of the corporate officers.” Get the full story »