NEW YORK -- Jeffrey Skilling, the former chief executive of defunct energy giant Enron Corp., could win early release from prison in a deal with the Justice Department, according to a report Thursday.
CNBC said Skilling's attorneys and the Justice Department were discussing a deal, but that it was unclear how much his sentence could be shortened. Skilling, who was convicted on charges of conspiracy, fraud and insider trading, has been serving a 24-year sentence since 2006.
In 2010, the statute used to win Skilling's conviction was found to be unconstitutionally vague by the U.S. Supreme Court. The court's ruling narrowed but did not overturn the federal "honest services" law, which the federal government has used in prosecutions of politicians and business leaders.
An federal appeals court later affirmed Skilling's convictions, and last year the high court declined to hear Skilling’s appeal of that ruling.