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Andrew Stuart Fastow (born December 22, 1961) is an American convicted felon and former financier who was the chief financial officer of Enron Corporation, an energy trading company based in Houston, Texas, until he was fired shortly before the company declared bankruptcy.
Eight former Enron executives testified, the star witness being Andrew Fastow, against Lay and Skilling, their former employers. [2] The jury reached its verdict on May 25, 2006, convicting both Lay and Skilling. Lay was also convicted by Sim Lake of charges in a separate bench trial.
Andrew Fastow's interest in LJM2 was purchased in 2001 and many of LJM1's and LJM2's "hedges" and the debt they caused would later be handled in part by another Enron vehicle, the Raptor SPEs. LJM, along with Chewco , played a major role in the downfall of Enron (see Timeline of the Enron scandal ) and was the primary vehicle by which Fastow ...
CFO Andrew Fastow creates a network of shell companies designed solely to do business with Enron, for the ostensible dual purposes of sending Enron money and hiding its increasing debt. Fastow also pressures Wall Street investment banks into investing in these shell entities. However, Fastow has a vested financial stake in these ventures and ...
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Lea Weingarten Fastow is a former Enron assistant treasurer who pleaded guilty to tax evasion and filing fraudulent Income Tax returns. The wife of former Enron executive and convicted felon Andrew Fastow , she was the second former Enron executive to go to prison after Enron collapsed due to fraud in December 2001.
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