Yes, it is true. Jeff Skilling of the Enron debacle, could wind up being a free man. His conviction could be thrown out based on the so called "honest services" theory:
An appeals panel rejected the "honest services" theory prosecutors used in gaining convictions against participants in Enron's sale of three barge-mounted power plants, which the government alleged was a disguised loan.
The 2-1 ruling said that the "honest services" issue didn't apply because the defendants didn't steal, embezzle or otherwise take money or property, and their actions were aligned with corporate goals.
It will be interesting to see how this all play out in court.
Wednesday, April 2, 2008
Jeff Skilling Could Win His Appeal
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