Jeffrey Skilling, former Enron CEO, released from federal custody

The former CEO of Enron has been formally released from federal custody.

Jeffrey Skilling, 65, was sentenced to 24 years in prison in 2006 for his role in the collapse of the shuttered Houston energy company. He was also fined $45 million.

On May 25, 2006, a jury found Skilling guilty on one count of conspiracy, one count of insider trading, five counts of making false statements to auditors, and 12 counts of securities fraud.

ORIGINAL REPORT: Skilling released from prison
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Jeffrey Skilling has been released from prison.

He was found not guilty on nine counts of insider trading.

Skilling's sentence was reduced in 2013 to 14 years.

In August of last year, Skilling was released from prison in Alabama and assigned to a halfway house in an undisclosed location.

The collapse of Enron put more than 5,000 people out of work, wiped out more than $2 billion in employee pensions, and rendered $60 billion in Enron stock worthless.

LOOKING BACK: Remembering the collapse of Enron

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On Dec. 2, 2001, after weeks of spiraling out of control, Enron filed for bankruptcy.

VIDEO: Jessica Willey reports on Enron filing bankruptcy.
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Jessica Willey reports on Enron filing bankruptcy

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