The broadsheet claimed sources ‘close to the investigation’ had revealed that Fastow would be allowed to turn himself into the FBI rather than be arrested in public.
Fastow is accused of being behind the creation of the Enron subsidiaries that hid the huge debts of the energy company. He has made no public comment since being fired in October 2001, except to claim his innocence of any illegal behaviour.
His arrest follows a guilty plea entered by Michael Kopper, a former managing director of Enron Global Finance last month, which implicated Fastow in fraud at the collapsed energy trader.
Kopper pled guilty to wire fraud and conspiracy to commit money-laundering after signing a co-operation agreement with federal prosecutors.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements