Enron's Fastow Gets Six Years In Jail

Sept. 26, 2006
The architect of one of the biggest corporate frauds in U.S. history was sentenced Sept. 26 to six years in prison, four years less than the maximum allowed under a guilty plea the former Enron chief financial officer made with prosecutors. Andrew ...

The architect of one of the biggest corporate frauds in U.S. history was sentenced Sept. 26 to six years in prison, four years less than the maximum allowed under a guilty plea the former Enron chief financial officer made with prosecutors.

Andrew Fastow will also serve two years under supervision, U.S. District Judge Kenneth Hoyt ruled.

Once vilified as the architect of all things evil at Enron, Fastow worked tirelessly to help prosecutors go after other top executives who refused to admit wrongdoing. His testimony and evidence proved critical in obtaining the convictions of Enron founder Kenneth Lay and chief executive officer Jeffrey Skilling.

Copyright Agence France-Presse, 2006

Popular Sponsored Recommendations

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!