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Tuesday, June 15, 2004

From the "You've Got to be Kidding" files, "Judge: Skilling can get interest from seized millions":
A federal judge ordered that ex-Enron CEO Jeff Skilling should get what could be about $1 million in annual interest off some of the $66 million in assets frozen by the Justice Department when he was indicted.

U.S. District Judge Sim Lake issued an order made public today that will provide Skilling with 50 percent of the interest income from the bulk of his frozen assets. The government will keep the other 50 percent and add it to the frozen funds that could be shared by victims of Enron's demise should Skilling be convicted.

Daniel Petrocelli, the Los Angeles-based head of Skilling's trial team, said Monday that though they still contest the government's right to seize any of the assets, this compromise will at least allow his client money for living expenses, taxes and insurance. He said Skilling is still "grievously prejudiced" by the ongoing freeze of the assets.

When you get caught robbing a bank, you don't get to keep your winnings, so I don't see why robbing the state of Kullyforneeyuh should be any different. But, I'm not a lawyer, I just play one on tv.

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