1 / 8

Andrew Fastow

Andrew Fastow. G.W. Amos Lauren Wright. Background. Born December 22, 1961 in Washington DC B.A. in Chinese and Economics M.B.A. received in 1986. Early Career. Continental Illinois National Bank and Trust Company Became a pioneer Savings and Loan Crisis. Enron.

colleen-bell
Download Presentation

Andrew Fastow

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Andrew Fastow G.W. Amos Lauren Wright

  2. Background • Born December 22, 1961 in Washington DC • B.A. in Chinese and Economics • M.B.A. received in 1986

  3. Early Career • Continental Illinois National Bank and Trust Company • Became a pioneer • Savings and Loan Crisis

  4. Enron • Hired in 1990 by Jeffery Skilling • Became CFO in 1998 • Enron went under investigation in 2001

  5. “Special Purpose Entities” • Off the books • Owned by co-ops by Enron’s employees • Appearance of profit and growth

  6. Debt • Stocks crashed • Curious corporate auditors and stockholders • Ken Lay removed Fastow as CFO

  7. Charges & Convictions • Charges brought against all Enron employees • Fastow’s charges: conspiracy, fraud, insider trading, & money laundering • Convicted of 2 counts of security fraud and serving a 6 year prison sentence

  8. Sources • TIME Magazine • Forbes • Biography.com

More Related