Charges of wire and securities fraud, conspiracy, insider trading and money laundering during his years as Chief Financial Officer at Enron (1998-2002) netted Andrew Fastow six years in prison.
Fastow had helped set up a system of shadow companies used to obscure the actual financial status of that huge energy-trading corporation. For a long while, financial analysts, stockholders and employees were in the dark about the true condion of their company.
Fastow pled guilty to certain counts and, in order to get a lesser sentence, cooperated with investigators. In addition to his prison term, he forfeited around $23 million.
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