BusinessCompany NewsEnron CFO agrees guilty plea

Enron CFO agrees guilty plea

Andrew Fastow, the former chief financial officer at Enron, has after protracted negotiations, agreed to plead to charges relating to the collapse of the former energy giant.

Bold: Book extract: Losing the plot at Enron

According to reports on the BBC Fastow’s wife Lea, who worked in the finance department of Enron, has also agreed a guilty plea.

Reports over the past few weeks have suggested Fastow was seeking to agree a 10-year jail term for himself in return for his wife only having to serve only a few months.

The new pleas are expected to be entered some time this week, according to Reuters and would come as part of efforts to persuade Fastow to help investigators delving into the financial collapse of enron.

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