Tag: Andrew Fastow
By Jeralyn, Section Crime in the News
Posted on Wed May 18, 2011 at 06:59:59 PM EST
Tags: Andrew Fastow, Enron (all tags)
Posted on Wed May 18, 2011 at 06:59:59 PM EST
Tags: Andrew Fastow, Enron (all tags)
Andrew Fastow, Enron's Chief Financial Officer who cooperated with the Government and was sentenced to 6 years in prison, was moved to a halfway house today.
Fastow testified against Ken Lay and Jeff Skilling. Skilling got 24 years, although he's due for a resentencing after the Supreme Court tossed the "honest fraud" portion of the fraud statute. The 5th Circuit let the convictions stand, but remanded for resentenicng because the trial judge miscalculated some of the guidelines. His wife served a year at the MCC in Houston. The Fastows also forfeited $30 million.
Fastow's release date is Dec. 17. He'll probably transition to home confinement sometime between now and then.
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