Enron's Andrew Fastow in Court
The Enron drama is unfolding daily on every news channel recently, with the media making it sound more interesting than it probably is. The star prosecution witness, Andrew Fastow is the main man at the moment.
Fastow was the chief financial officer for Enron that profitted by millions while the company fell down around him. And while he is on his way to serve time in prison, his case will try to take his former bosses with him (Jeffrey Skilling and Kenneth Lay).
I was very greedy, says Enron trial's star witness
"After a repeated attack on Mr Fastow's decision to involve his wife and young sons in his deception, Mr Petrocelli demanded "You must be consumed with insatiable greed."
and..
"The defence team is hoping to single Mr Fastow out as the architect and chief mover of any criminal activity at Enron who is trying to ensnare other former executives in the web of side deals and complex off-balance sheet vehicles that he built in return for a lighter sentence." Guardian
The drama continues..
>> Business Scandals
Fastow was the chief financial officer for Enron that profitted by millions while the company fell down around him. And while he is on his way to serve time in prison, his case will try to take his former bosses with him (Jeffrey Skilling and Kenneth Lay).
I was very greedy, says Enron trial's star witness
"After a repeated attack on Mr Fastow's decision to involve his wife and young sons in his deception, Mr Petrocelli demanded "You must be consumed with insatiable greed."
and..
"The defence team is hoping to single Mr Fastow out as the architect and chief mover of any criminal activity at Enron who is trying to ensnare other former executives in the web of side deals and complex off-balance sheet vehicles that he built in return for a lighter sentence." Guardian
The drama continues..
>> Business Scandals
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