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Execs Behaving Badly - Where Are They Now?

posted 21 Jun 2013, 15:52 by Mpelembe   [ updated 21 Jun 2013, 15:53 ]


Reuters Business  Report - Former Enron CEO Jeff Skilling is back in court trying to get his sentence reduced. Seeing Skilling it handcuffs brings to mind a fraternity of white collar convicts whose crimes are unforgettable.

Skilling, who's been in prison since 2006 and has maintained his innocence, will see his sentence reduced to 14 from 24 years. And of course, he played a role in the financial fraud that led to the collapse of Enron - still one of the biggest bankruptcies in U.S. history.

The more flashy Dennis Kozlowski is serving an 8 to 25 year term - after a 2012 attempt at parole was denied. He's still arguably the poster boy for corporate malfeasance, convicted for stealing $137 million from Tyco shareholders. In the court of public opinion, his bigger crime - a $6,000 shower curtain, $15,000 umbrella stand and a $2 million party on the isle of Sardinia.

Former Worldcom CEO Bernie Ebbers will stay under lock and key until July 2028. An appeal to President George W. Bush for pardon fell on deaf ears - irony for a former communications giant. He's convicted for orchestrating an $11 billion fraud that wiped Worldcom out of existence.

Former billionaire Allen Stanford is only one year into his 110-year prison stay for robbing investors of $7 billion. He's in until 2105.

But Bernie Maddoff has him, and everyone else, beat. Circle November 14th, 2139. The man behind the biggest financial fraud in U.S. history, in jail for 150 years.