Share this article
Ex-Enron CEO Leaves Jail to Plot Possible Blockchain Venture: Report
The former CEO of Enron, Jeffrey Skilling, is reportedly looking to start a blockchain-related company just a month after being freed from prison.
Updated Sep 13, 2021, 9:01 a.m. Published Mar 25, 2019, 12:35 p.m.
The former CEO of Enron, Jeffrey Skilling, is reportedly looking to start a blockchain company just a month after being freed from jail for his role in the energy giant's massive accounting scandal back in 2001.
According to a Wall Street Journal article on Monday citing sources "familiar with the matter," Skilling may be planning a digital platform relating to investment in the oil and gas industry. They added that he has recently met former Enron execs, as well as specialists in cryptocurrency, blockchain and software development regarding the project.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
In today's article, the WSJ sources also say that Lou L. Pai, former chief executive of Enron Energy Services, has said he will back the new platform.
The WSJ said it reached out for comment, but that neither Skilling nor Pai responded.
On Feb. 21, Skilling was freed after serving 12 years in prison for masterminding Enron's efforts to carry out one of the biggest corporate frauds in U.S. history.
Originally sentenced to 24 years and fined $45 million in 2006 after being indicted on 35 counts of fraud, insider trading and other crimes, Skilling's sentence was later reduced to 14 years by a U.S. district judge. He maintained his innocence throughout, according to reports.
Former Enron towers, Houston, image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin Rebounds to $93K From Post-Fed Lows, but Altcoins Remain Under Pressure
Downward pressure on bitcoin is losing steam, with the market stabilizing but not yet out of the woods, said one analyst.
What to know:
- Bitcoin rebounded from a sharp early selloff on Thursday to trade above $93,000 shortly after the close of U.S. stocks.
- The late-day gain in bitcoin came alongside a rebound in the Nasdaq from big morning losses; the tech index closed with just a 0.25% loss.
- Downward pressure on bitcoin is losing steam, said one analyst, but the market is not yet out of the woods.
Top Stories
