Enron's Fastow Gets Six Years In Jail

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 ...
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 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

About the Author

Agence France-Presse

Copyright Agence France-Presse, 2002-2025. AFP text, photos, graphics and logos shall not be reproduced, published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. AFP shall not be held liable for any delays, inaccuracies, errors or omissions in any AFP content, or for any actions taken in consequence.

Sign up for IndustryWeek Newsletters
Get the latest news and updates.

Voice Your Opinion!

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