Where is jeffrey skilling today

A spokesman for the U. Bureau of Prisons confirmed to Reuters that Thursday was the date scheduled for Skilling's release but declined to provide further details, citing privacy issues. Skilling, 65, was moved in August from an Alabama prison camp to a residential re-entry facility in Houston, where Enron was based before crumbling into bankruptcy in amid revelations of widespread accounting fraud and corruption.

The energy company's disintegration threw thousands out of people out of work, sparked federal probes and prompted Congress to crack down on corporate accounting abuses. And they said it is one of a number of paths Skilling is considering in hopes of returning to the industry he knows best. But he abruptly resigned that August, citing personal reasons.

By the fall of that year, the company fell into a death spiral sparked by the discovery of accounting irregularities, including questionable deals by Chief Financial Officer Andrew Fastow. The company also suffered from a plummet in the value of its international assets, and market turmoil following the September 11 attacks.

Once the seventh largest U. Congressional committees and a U. Justice Department task force set out to pinpoint blame — including investigating whether Skilling knew about problems at the company before his abrupt departure. Skilling denied such knowledge. Nonetheless, a federal jury in convicted him on 19 out of 28 criminal counts including fraud, conspiracy, and insider trading.

Skilling has steadfastly maintained his innocence — which the sources said remains the case today. Nonetheless, in he agreed to drop his remaining appeals in exchange for the government recommending his sentence be reduced to 14 years. He ultimately served 12 years before his release in February. Enron's tainted history and Skilling's role in its financial demise should not have a significant impact on Veld's ability to attract business, said Ed Hirs, an Energy Fellow and lecturer at the University of Houston.

The bankruptcy caught many investors by surprise. Veld's website is up and running and soliciting email addresses for those interested in receiving newsletters. The site describes Veld as an "energy software" company. Subscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox. More from Reuters. Sign up for our newsletter Subscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.