Fastow Gets Six Years

The former Enron finance chief apologizes to the court.
Author:
Publish date:

Former Enron finance chief Andrew Fastow was sentenced Tuesday to six years in federal prison, according to news reports.

Fastow's sentence was reduced from 10 years due to his cooperation with the government investigation,

The Wall Street Journal

reported. Fastow pleaded guilty in 2004 to two crimes related to the fraud that left the once-giant Houston-based energy trader defunct. He had asked the judge for a five-year sentence, the Associated Press reported.

Fastow testified against former Enron chiefs Kenneth Lay and Jeffrey Skilling. Both were convicted of fraud in May. Lay died in July. Skilling is appealing.

The judge had invited former Enron employees to speak before Fastow was sentenced, but only two people signed up, AP reported.