Tag Archives: Enron CFO Andrew Fastow Indicted for Fraud (2002)

this day in the yesteryear: Enron CFO Andrew Fastow Indicted for Fraud (2002)


Enron CFO Andrew Fastow Indicted for Fraud (2002)

In 2000, natural gas and electricity trading giant Enron was the seventh largest corporation in the US. In 2001, it became the largest bankruptcy and stock collapse in US history at the time, devastating the pensions of some 20,000 employees. Fastow, Enron’s chief financial officer, was one of more than 20 people who were ultimately convicted of or pleaded guilty to fraud, conspiracy, and other crimes related to deceptive accounting practices. How long is Fastow’s prison sentence? More… Discuss