Top Enron Fraudster Will Spend Less Time In Prison Than A Father Who Sold His Own Pain Pills

John Horner had no record of drug-dealing when he was sentenced to a 25-year mandatory minimum prison term for selling some of his own pain pills to an undercover informant who befriended him and told him he could not afford both his rent and his prescription medication. Horner, a fast-food restaurant worker and a father, had been prescribed the pain medication because of an injury in which he lost an eye, according to a BBC report.

If, as expected, he serves all 25 years, Horner will be 72 when he is released, and he will have spent more time in prison than the former Enron CEO who was convicted in one of the largest corporate fraud schemes in modern history. Last week, the Department of Justice said it is considering a deal to shorten Jeffrey Skilling’s sentence. But even if he serves every year, Skilling will still have fared better than Horner with a sentence of 24 years.

Read on...

The lessons of "Enron": Media accounts, corporate crimes, and financial markets

by James W. Williams. Published in Theoretical Criminology, v.12, no.4 (2008): 471-499

This article is available online to members of the University of Toronto community. It is also available in print at the Centre of Criminology Library.

While the novelty of Enron and WorldCom as corporate scandals should not be overstated, these events are distinguished by the sheer volume of media coverage that followed in their wake. Drawing from an analysis of over 300 newspaper and magazine articles, this article argues that while this media coverage varies in its diagnosis of the scandals, it is rooted in a common set of taken-forgranted assumptions as to the nature, form, and operation of
financial markets. These various points of complementarity suggest that the coverage of the scandals is less significant as an exercise in collective sense-making than as a re-investment in a particular market discourse, a form of financial intelligibility germane to the scandals themselves and instructive vis-à-vis the future study of corporate and white-collar crime.

Still topical - unfortunately.