How rich is Andrew Fastow?
Andrew Fastow Net Worth:
|Birth date:||December 22, 1961|
|Birth place:||Washington, D.C., United States|
|Education:||New Providence High School, Northwestern University, Tufts University, Kellogg School of Management|
|Nationality:||United States of America|
|Spouse:||Lea Fastow (m. 1984)|
Andrew Fastow net worth, wiki & biography:
Andrew Fastow Net Worth $500 Thousand
Ex-Enron Andrew Fastow has an estimated net worth of $500 thousand. He started his career at Continental Illinois National Bank and Trust Company in Chicago to the asset-backed securities. Continental became the largest U.S. bank to fail in American history in 1984. He was named the Chief Financial Officer in 1998. In 2001, the U.S. Securities and Exchange Commission investigated Enron and Fastow along with the company’s conduct. He was indicted by a federal grand jury in Houston on 78 counts including fraud, money laundering, and conspiracy on October 31, 2002. So that you can hide huge losses, he used limited partnerships that they controlled. He pled guilty to two counts of wire and securities fraud on January 14, 2004. He additionally agreed to eventually become an informant and certainly will assist in the prosecutions of other former Enron executives while serving a ten-year prison sentence. On September 26, 2006, he was sentenced to six years in prison with two years of probation. On December 16, 2011, he was released from penitentiary. Since June 2012, he was working as a document review clerk in a law firm in Houston.