Fastow under investigation
Jeremy Weinstein examines the indictment of former Enron chief financial officer Andrew Fastow and speculates on his – and the Enron management’s – motives
On October 31, 2002, Andrew Fastow, the former chief financial officer of Enron, was indicted on 78 federal counts of money laundering, wire fraud, securities fraud, conspiracy and obstruction of justice. Two months earlier, one of Fastow’s chief lieutenants, Michael Kopper, had entered into a co-operation agreement with the Department of Justice and pled guilty to one count of wire fraud for a kickback to Fastow from fees he received from a special-purpose entity (SPE) used to
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