Skilling may face 325 years in jail

JEFFREY SKILLING, the former Enron chief executive who resigned months before the US energy giant collapsed, surrendered yesterday and was charged with offences that could land him in prison for 325 years.

An indictment, unsealed in Houston, accused Skilling and Richard Causey, Enron’s former chief accountant, of participating in widespread schemes to mislead government regulators and investors about the company’s earnings. Causey was indicted a month ago.

“I plead not guilty to all counts,” Skilling told Magistrate Judge Frances Stacy.