Ex-Enron CEO Starts Working with Cryptocurrency Experts After Being Released from Jail

The former CEO of Enron, Jeggrey Skilling, is meeting with cryptocurrency experts in order to start a new business venture. Mr. Skilling has been in jail for 12 years in prison after a 19 count conviction for the collapse of the firm.

Skilling Leaves The Jail And Starts Working On The Crypto Industry

Although he did not start a new venture yet, Skilling is already interested in the cryptocurrency industry. According to a recent article released by the Wall Street Journal on Monday, sources familiar with the matter say that Skilling is planning a digital platform that could be related to investment in the oil and gas industry.

Skilling was released from federal custody back on February 21st. He served 12 years in jail after a full term of 24 years. Back in August 2001, he resigned as the CEO of the energy firm. A few months later, the company filed for bankruptcy. He was later arrested in 2004 and sentenced in May 2006 accused of securities fraud, conspiracy, insider trading and deceiving auditors.

The report released by Wall Street says that Skilling is searching for new partners to start a new venture related to the energy and finance sector. The main intention is to connect investors to oil and gas projects throughout a digital platform. Nonetheless, there is no clear information about which are his plans.

According to anonymous sources from CNBC, the rumors regarding Skilling meeting with blockchain and crypto experts are false. However, both CNBC and the Wall Street Journal mentioned that there are several early advisers that have been asked to sign non-disclosure agreements. Moreover, Silling’s former colleague Low L. Pai seems also interested in investing in this venture.

It is worth mentioning that due to the decision of the U.S. Securities and Exchange Commission, Skilling is banned from serving as an officer or director of a publicly held company. CNBC claims that he was worried that someone could start the idea he had.