Former Enron Corp. Chief Executive Jeffrey K. Skilling, who is serving a 24-year prison sentence for his part in the collapse of the energy giant, is going before a federal judge in Houston on Friday to ask for an early release.
Skilling, who has served six years, was convicted in 2006 on 19 counts including insider trading, conspiracy and securities fraud.
Under a proposed sentencing agreement submitted this week, Skilling could see his sentence sliced by more than 10 years and be released as early as 2017.
News of a possible deal first came out in April, when the Justice Department posted a notice on its website notifying victims of the Enron fraud that prosecutors may enter "into a sentencing agrement" with Skilling.
Details of the deal, revealed a few weeks later, reportedly included Skilling giving up his rights to appeal and agreeing to let his convictions stand. He would also give up claims to the $40 million he was ordered to forfeit.