It takes a certain kind of person to open their arms to a man who’s just spent more than 12 years in US federal prison, having been convicted of securities fraud, conspiracy, insider trading, and making false statements.

But according to the Wall Street Journal, who cite “people familiar with the matter”, former Enron CEO Jeffrey Skilling has not only been holding meetings with former senior colleagues at the collapsed energy company, but also “others”, to garner support for a new business venture: a “digital platform connecting investors to oil and gas projects”.

So what kind of “others” might be prepared to go into business with a man who was embroiled in the mother of corporate scandals — bringing down an accounting firm in the process — and who only got out of prison last month?

According to the Journal:

Mr. Skilling has met with individuals who specialise in cryptocurrency, blockchain and software development in recent weeks.

Ah! Mais bien sur.

The Journal also quotes a professor at Wayne State University Law School, who suggests that cryptoland might provide an ideal second chance for someone like Skilling:

“It’s an area without a long memory,” he said. “In the cryptocurrency space, no one is going to care too much about Enron.”

And why should they? The entire economy is Fyre Festival, anyway.

Related links:
A failed ICO is trying to flog itself on eBay — FT Alphaville
The entire economy is Fyre Festival — FT Alphaville Sell all crypto and abandon all blockchain — FT Alphaville


Copyright The Financial Times Limited 2019. All rights reserved. You may share using our article tools. Please don’t cut articles from FT.com and redistribute by email or post to the web.



READ SOURCE

WHAT YOUR THOUGHTS

Please enter your comment!
Please enter your name here