Andrew S. Fastow
Enron CFOPainted as the villain in Enron’s collapse by Lay and Skilling, Fastow helped mastermind some of the accounting schemes that prosecutors say helped Enron hide millions in losses. A penitent Fastow testified on the stand that "I was extremely greedy, I lost my moral compass and I did many things I regret." But he said in the “culture of corruption” at Enron, he thought he was being a hero by inflating Enron’s earnings. Facing a 98-count indictment -- not to mention his wife's one-count indictment -- Fastow pleaded guilty in January 2004 two counts of wire and securities fraud. He was sentenced to 6 years in prison in Sept. 2006. It was a far lighter sentence than the 10 years he originally agreed to serve under his plea agreement after a Houston judge took his cooperation in the Enron trial into consideration. Fastow also agreed to give up more than $29 million, including several luxury homes. |
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