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Enron CFO Sentenced to Six Years in Jail

Sep 27, 20061 min
CSO and CISOData and Information Security

Andrew S. Fastow, the former chief financial officer (CFO) of Enron Corp., yesterday was sentenced to six years in prison for his role in the conspiracy that led to the collapse of Enron in 2002, the Justice Department announced.

Fastow, who cooperated with government prosecutors in the trials that led to convictions in May on fraud and conspiracy charges for former Enron chief executives Kenneth L. Lay and Jeffrey Skilling. Fastow was sentenced on two counts of conspiracy to commit securities and wire fraud before Judge Kenneth Hoyt at U.S. District Court in Houston, Texas. The New York Times made a copy of Fastow’s plea agreement.

Lay died in July before his sentencing could take place. Skilling’s sentencing is scheduled for Oct. 23, The Times reported.

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Managing Editor

Al Sacco was a journalist, blogger and editor who covers the fast-paced mobile beat for and IDG Enterprise, with a focus on wearable tech, smartphones and tablet PCs. Al managed writers and contributors, covered news, and shared insightful expert analysis of key industry happenings. He also wrote a wide variety of tutorials and how-tos to help readers get the most out of their gadgets, and regularly offered up recommendations on software for a number of mobile platforms. Al resides in Boston and is a passionate reader, traveler, beer lover, film buff and Red Sox fan.

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