- Conflicting reports state that Jeffrey Skilling, former Enron CEO, has been meeting up with people who have had experience in cryptocurrency and blockchain technology.
- Skilling was released from Federal Custody this February after serving 12 years in prison.
Former Enron CEO Jeffrey Skilling may be planning to enter the blockchain space. Skilling was released from Federal Custody this February after serving 12 years in prison. As per Wall Street Journal Skilling has been reaching out to former connections to get back into the oil and energy space.
What has piqued the curiosity of the crypto community is that Skilling has reportedly also reached out to many individuals who have had experience in cryptocurrency and blockchain technology. WSJ quoted a professor at Wayne State University Law School, who said that, if true, this presents an excellent opportunity for Skilling:
“It’s an area without a long memory. In the cryptocurrency space, no one is going to care too much about Enron.”
CNBC refutes this, however, as their sources have reportedly told them that Skilling’s new venture has nothing to do with cryptocurrency or the blockchain. CNBC stated:
“Contrary to other reporting, the sources told CNBC that the venture does not involve cryptocurrency or blockchain technology. And they said it is one of a number of paths Skilling is considering in hopes of returning to the industry he knows best.”
Skilling was originally sentenced to 24 years and fined $45 million in 2006 after being indicted on 35 counts of fraud, insider trading, and other crimes, despite continuing to proclaim his innocence. His sentence was later reduced to 14 years by a U.S. district judge.