JupiterSunsation
New member
Bernie Madoff joins long white-collar prison roll
By The Associated Press
A look at some other figures serving time for their involvement in high-profile financial scandals:
_ Jeffrey Skilling, 55, Enron's former chief executive, sentenced in October 2006 to more than 24 years in prison for role in company's collapse. The 5th U.S. Circuit Court of Appeals in January ordered a re-sentencing hearing, ruling that a district judge improperly applied a sentencing guideline that resulted in a longer prison term. Skilling is yet to be re-sentenced.
_ Andrew Fastow, 47, Enron's former CFO, pleaded guilty to conspiracy in 2004 and sentenced to six years. The federal bureau of prisons lists his projected release date as Dec. 17, 2011. Fastow's wife, Lea, pleaded guilty in 2004 to a misdemeanor tax crime and served a year in prison for helping him hide ill-gotten gains from his schemes.
_ Bernard Ebbers, 67, former chief of WorldCom, imprisoned in September 2006 on 25-year sentence for his role in $11 billion accounting fraud that toppled his telecommunications company. The federal bureau of prisons lists his projected release date as July 4, 2028.
_ Dennis Kozlowski, 62, CEO of Tyco International, convicted in June 2005 and serving 8-1/3 to 25 years on charges including conspiracy, grand larceny and securities fraud. His earliest parole date is in 2014.
_ Joseph Nacchio, 60, former Qwest CEO, sentenced to six years after being convicted in 2007 of 19 counts of insider trading. Nacchio reported to a minimum-security prison camp in Minersville, Pa., in April. His projected release date is July 4, 2014, according to the bureau of prisons.
_ John Rigas, 84, founder of cable television company Adelphia Communications, convicted in 2004 of charges including securities and bank fraud. Currently serving 12 years in prison. His projected release date is Jan. 23, 2018.
_ Timothy J. Rigas, 53, Adelphia's former CFO, convicted of the same charges as his father and serving 17 years. His projected release date is June 3, 2022.
_ Conrad Black, 64, former newspaper mogul and member of the British House of Lords, convicted in July 2007 on charges he siphoned off millions of dollars belonging to Hollinger International when he was chief executive of the media company. Serving a 6 1/2-year prison term in Coleman, Florida. His projected release date is Oct. 30, 2013.
_ Walter Forbes, 66, former chairman of Cendant Corp., sentenced in January 2007 to 12 years and seven months and ordered to pay $3.275 billion in restitution for leading accounting fraud at the travel and real estate company. His projected release date from federal prison is July 21, 2018.
_ Martin Frankel, 54, ordered by a federal judge in 2006 to serve the same sentence he got in 2004 for stealing $200 million from insurance companies — nearly 17 years in a federal prison. Frankel's projected release from prison is Sept. 7, 2015.
By The Associated Press
A look at some other figures serving time for their involvement in high-profile financial scandals:
_ Jeffrey Skilling, 55, Enron's former chief executive, sentenced in October 2006 to more than 24 years in prison for role in company's collapse. The 5th U.S. Circuit Court of Appeals in January ordered a re-sentencing hearing, ruling that a district judge improperly applied a sentencing guideline that resulted in a longer prison term. Skilling is yet to be re-sentenced.
_ Andrew Fastow, 47, Enron's former CFO, pleaded guilty to conspiracy in 2004 and sentenced to six years. The federal bureau of prisons lists his projected release date as Dec. 17, 2011. Fastow's wife, Lea, pleaded guilty in 2004 to a misdemeanor tax crime and served a year in prison for helping him hide ill-gotten gains from his schemes.
_ Bernard Ebbers, 67, former chief of WorldCom, imprisoned in September 2006 on 25-year sentence for his role in $11 billion accounting fraud that toppled his telecommunications company. The federal bureau of prisons lists his projected release date as July 4, 2028.
_ Dennis Kozlowski, 62, CEO of Tyco International, convicted in June 2005 and serving 8-1/3 to 25 years on charges including conspiracy, grand larceny and securities fraud. His earliest parole date is in 2014.
_ Joseph Nacchio, 60, former Qwest CEO, sentenced to six years after being convicted in 2007 of 19 counts of insider trading. Nacchio reported to a minimum-security prison camp in Minersville, Pa., in April. His projected release date is July 4, 2014, according to the bureau of prisons.
_ John Rigas, 84, founder of cable television company Adelphia Communications, convicted in 2004 of charges including securities and bank fraud. Currently serving 12 years in prison. His projected release date is Jan. 23, 2018.
_ Timothy J. Rigas, 53, Adelphia's former CFO, convicted of the same charges as his father and serving 17 years. His projected release date is June 3, 2022.
_ Conrad Black, 64, former newspaper mogul and member of the British House of Lords, convicted in July 2007 on charges he siphoned off millions of dollars belonging to Hollinger International when he was chief executive of the media company. Serving a 6 1/2-year prison term in Coleman, Florida. His projected release date is Oct. 30, 2013.
_ Walter Forbes, 66, former chairman of Cendant Corp., sentenced in January 2007 to 12 years and seven months and ordered to pay $3.275 billion in restitution for leading accounting fraud at the travel and real estate company. His projected release date from federal prison is July 21, 2018.
_ Martin Frankel, 54, ordered by a federal judge in 2006 to serve the same sentence he got in 2004 for stealing $200 million from insurance companies — nearly 17 years in a federal prison. Frankel's projected release from prison is Sept. 7, 2015.
