Jeffrey K. Skilling, the former Enron CEO who spent the past 12 years in prison for his role in masterminding one of most notorious corporate fraud cases in history, was released from federal custody on Thursday, the Bureau of Prisons said, the Houston Chronicle reported. In August, Skilling was released to a halfway house at an undisclosed location from a minimum security federal prison camp in Alabama. Enron's collapse cost investors billions of dollars and wiped out the retirement savings and jobs of thousands of employees. Skilling was convicted of 12 counts of securities fraud, five counts of making false statements to auditors, one count of insider trading and one count of conspiracy in 2006 for his role in hiding debt and orchestrating a web of financial fraud that ended in the Houston company's bankruptcy.
