Andrew Fastow biography
SynopsisAndrew Fastow was born on December 22, 1961 in Washington, DC. He earned his MBA from Northwestern University, and joined Enron in 1990 as the company’s CFO. Enron went under federal investigation in 2001, and Fastow was indicted on 78 counts including fraud, money laundering, and conspiracy. He struck a deal to inform on other Enron executives in exchange for a reduced sentence.
Business executive and convict. Born Andrew Stuart Fastow on December 22, 1961 in Washington, DC. Andrew Fastow was one of three sons raised in a middle-class Jewish family in New Providence, New Jersey. He graduated from Tufts University in 1983. After earning his MBA from Northwestern University, he worked for Continental Illinois National Bank and Trust Company in Chicago.
In 1990, Andrew Fastow joined Enron and was the company??s chief financial officer when it went under investigation for concealing massive losses in 2001. On October 31, 2002, Fastow was indicted on 78 counts including fraud, money laundering, and conspiracy. Two years later, he pleaded guilty to two counts of wire and securities fraud and struck a deal with federal authorities to become an informant of other former Enron executives in exchange for a reduced sentence.
Fastow is currently serving a six year prison sentence at the Federal Detention Center in Oakdale, Louisiana. His wife, former Enron assistant treasurer Lea Fastow, was sentenced to one year in federal prison and one year of supervised release in a halfway house.