Any fan of the Ocean's Eleven films knows the setup: An inside man handles the cards, and a high roller rakes in the dough. For Phuong Quoc Truong, the big scam wasn't a movie script: It was his way of life.
Former newspaper mogul Conrad Black will get out of jail on bail as he appeals his conviction for defrauding shareholders based on the now-narrowed "honest services" statute. The bail order comes even though Black was also convicted of an obstruction of justice charge.
The Supreme Court will soon rule on whether Skilling gets a new trial or his sentence reduced. Meantime, Fortune has published a sympathetic profile in which he describes three key mistakes he feels led to his conviction.