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

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

How to Build Zero-Cost On-Site Solar and Storage Projects

Nov. 25, 2023
The Inflation Reduction Act offers tax credits, incentives, and financing that enable no-cost projects. In Enel’s eBook, discover the critical role that incentives play in your...

Digitally Transforming Data and Processes With Product Lifecycle Management

Oct. 29, 2023
Manufacturers face increasing challenges in product development as they strive to consistently deliver improved results. Discover how industry leaders are improving time-to-market...

How Manufacturers Can Optimize Operations with Weather Intelligence

Nov. 2, 2023
The bad news? Severe weather has emerged as one of the biggest threats to continuity and safety in manufacturing. The good news? The intelligence solutions that build weather ...

Voice your opinion!

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