Enron's former chief financial officer was sentenced to six years in prison today.
Andrew Fastow, one of the key figures in the collapse of the
energy trading giant, had agreed to serve a maximum ten-year term
when he pleaded guilty in 2004.
His attorneys asked for a lesser sentence today, citing Fastow's
admission of his guilt and his help in the successful prosecution
of Enron founder Kenneth Lay and the former chief executive,
Fastow was originally indicted on 98 counts, including fraud, insider trading and money laundering. He admitted to running various schemes to hide Enron debt and inflate profits while enriching himself. He also surrendered nearly 30 million dollars in cash and property.
Enron -- once the nation's seventh-largest company -- crumbled
into bankruptcy proceedings in December of 2001.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.