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Sarbanes-Oxley News & Developments
Feds Want Skilling to PayFederal agencies are coming up empty-handed in their efforts to recoup payments from corporate wrongdoers.
> > The government wants restitution from the collapse of Enron Corp. and is hoping that former CEO Jeffrey Skilling pays the tab.
Skilling may have to cough up nearly $183 million if federal prosecutors are able to get their way, according to the Associated Press. In June, prosecutors asked U.S. District Judge Sim Lake to order Skilling to pay $139.3 million, and his co-defendant, Ken Lay, to pay $43.5 million as restitution for their convictions on fraud and conspiracy charges. The amounts presumably are the proceeds the government claims the duo kept as part of their scheme.
Source: CFO
Published:2006-08-14
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