Ex-Enron CEO taps McKinsey colleagues for energy investment venture -sources – Reuters

Ex-Enron CEO taps McKinsey colleagues for energy investment venture -sources – Reuters

Former Enron CEO Jeffrey Skilling's stealth energy investment venture has launched, two people familiar with the matter said this week, staffed with former McKinsey & Co. consultants like himself and offering a technology edge to oil and gas returns.

Skilling was convicted of securities fraud and insider trading in connection with manipulating financial reports ahead of the 2001 collapse of Enron. He served more than 12 years in prison and was released in 2019.

His venture, Veld LLC, was set up as a digital marketplace to sell packages of oil and gas production to investors, sources have said. The business has analytical software that investors can use to evaluate packages for their potential returns, the people said.