Six years for ex-Enron CFO
Four years knocked off plea deal
Andrew Fastow, the former finance chief at Enron, has received a six-year
jail sentence for his role in the collapse of the energy giant.
US District Judge Ken Hoyt showed leniency towards Fastow, cutting his
originally plea-bargained 10-year sentence by four years.
It was Fastow’s testimony, which helped the government convict former Enron
bosses Jeff Skilling and Ken Lay
Hoyt said Fastow had given ‘exceptional’ assistance to prosecutors, had
pledged to help victims and had shown remorse.
Fastow made an anguished statement before hearing his sentence, during which
he expressed his shame, pledged to work for redemption and apologized to the
victims of the Enron fraud and to his friends and family.
‘I failed them,’ he said.
He is expected to be out of jail before his 50th birthday.