Andrew Andrew FastowFastow
G.W. AmosG.W. AmosLauren WrightLauren Wright
BackgroundBackground
Born December 22, 1961 in Washington DCBorn December 22, 1961 in Washington DC
B.A. in Chinese and EconomicsB.A. in Chinese and Economics
M.B.A. received in 1986M.B.A. received in 1986
Early CareerEarly Career
Continental Illinois National Bank and Trust Continental Illinois National Bank and Trust Company Company
Became a pioneerBecame a pioneer
Savings and Loan Crisis Savings and Loan Crisis
EnronEnron
Hired in 1990 by Jeffery SkillingHired in 1990 by Jeffery Skilling
Became CFO in 1998Became CFO in 1998
Enron went under investigation in 2001Enron went under investigation in 2001
““Special Purpose Special Purpose Entities”Entities”
Off the booksOff the books
Owned by co-ops by Enron’s employeesOwned by co-ops by Enron’s employees
Appearance of profit and growthAppearance of profit and growth
DebtDebt
Stocks crashedStocks crashed
Curious corporate auditors and stockholdersCurious corporate auditors and stockholders
Ken Lay removed Fastow as CFOKen Lay removed Fastow as CFO
Charges & ConvictionsCharges & Convictions
Charges brought against all Enron employeesCharges brought against all Enron employees
Fastow’s charges: conspiracy, fraud, insider trading, Fastow’s charges: conspiracy, fraud, insider trading, & money laundering& money laundering
Convicted of 2 counts of security fraud and serving Convicted of 2 counts of security fraud and serving a 6 year prison sentence a 6 year prison sentence
SourcesSources
TIME MagazineTIME Magazine
ForbesForbes
Biography.comBiography.com