Tom Skilling retires
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Started by metmike - March 8, 2024, 10:18 a.m.

Tom Skilling officially signs off after 45 years at WGN

When I was no longer doing the weather on WEHT at the same time that Tom did his noon, show I watched him almost every day for over a decade.

By metmike - March 8, 2024, 10:35 a.m.
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By metmike - March 8, 2024, 10:40 a.m.
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In case you're wondering, this is Tom's brother:

Jeffrey Keith Skilling (born November 25, 1953) is an American businessman who in 2006 was convicted of federal felony charges relating the Enron scandal. Skilling, who was CEO of Enron during the company's collapse, was eventually sentenced to 24 years in prison, of which he served 12 after multiple appeals.

Skilling was indicted on 35 counts of crimes related to the Enron scandal. In 2006 he was found guilty of conspiracy, insider trading, making false statements, and securities fraud. He was sentenced to 24 years in prison and fined $45 million.

The US Supreme Court heard arguments in the appeal of the case in 2010,[2][3] vacated part of Skilling's conviction, and transferred the case back to the lower court for resentencing.[4]

In 2011, a three-judge panel of the Fifth Circuit Court of Appeals ruled that the verdict would have been the same despite the legal issues being discussed, and Skilling's conviction was confirmed; however, the court ruled Skilling should be resentenced.[5] Skilling appealed this new decision to the Supreme Court,[6] but the appeal was denied.[7] 

In 2013, following a further appeal, and earlier accusations that prosecutors had concealed evidence from Skilling's lawyers prior to his trial, the United States Department of Justice reached a deal with Skilling, which resulted in ten years being cut from his sentence, reducing it to 14 years.[8][9] He was moved to a halfway house in 2018[10] and released from custody in 2019, after serving 12 years


Enron Scandal: The Fall of a Wall Street Darling


This insider trading scandal cost me $200,000 in the natural gas market, so I remember it vividly!