But certainly a dark thrill ran through onlookers as Andrew Fastow took the stand.
Last week, Andrew Fastow was released from federal prison to a halfway house.
FORBES: The Supreme Court Takes Action on Prison Overcrowding -- Felons Go Home!
Former Enron CFO Andrew Fastow takes the witness stand and buries ex-boss Jeffrey Skilling.
Several former executives have already been charged and sentenced, including Andrew Fastow, the company's former chief financial officer.
Enron's defrocked CFO, Andrew Fastow, is the unlucky winner of the longest sentence handed out in the postboom scandals.
It's the sixth week of the Enron trial--and the second day of testimony from former Chief Financial Officer Andrew Fastow .
The SEC announced that it would pursue charges against Lay, former CEO Jeffrey Skilling, CFO Andrew Fastow and other high-ranking employees.
Andrew Fastow meant it only one way in his testimony Tuesday.
The defense theory is that except for CFO Andrew Fastow and two of his lieutenants in finance, nobody else at Enron committed any crime.
He attacked Andrew Fastow , Enron's former chief financial officer, who admitted to stealing money from outside partnerships Enron used to offload poorly performing investments.
It is now assumed those "related partnerships" include such dicey financial instruments as the LJMs and Raptors devised by convicted ex-Chief Financial Officer Andrew Fastow .
FORBES: Enron's Watkins Tells Of Warning Lay In 2001 Meeting
And he lambasted ex-Chief Financial Officer Andrew Fastow , the key prosecution witness who'd already pleaded guilty to wire and securities fraud in 2004, and accepted ten years in the hoosegow.
FORBES: Whistleblower Watkins Vindicated By Enron Guilty Verdicts
The convictions cap a four and a half year investigation, which yielded 16 guilty pleas from ex-executives of Enron, including former CFO Andrew Fastow and former Chief Accounting Officer Richard Causey .
For instance, prosecutors say, he was involved in manufacturing earnings and concealing debt through sham sales of poorly performing assets to an off-balance-sheet partnership run by Andrew Fastow, Enron's former chief financial officer.
This week, as Enron's former finance chief, Andrew Fastow, and his wife, Lea, struck a plea bargain with prosecutors that will see Mr Fastow get a ten-year sentence, there were stirrings of sympathy for the couple.
Ms Watkins was not slow to blame former Enron boss Jeffrey Skilling and chief finance officer Andrew Fastow as the villains of the piece, who deliberately sought by false accounting to inflate Enron's profits and conceal its losses.
The judge also pushed the envelope by instructing jurors that they could find Lay and Skilling guilty for "willful blindness, " or closing their eyes to wrongdoing like the frauds perpetrated by former Enron Chief Financial Officer Andrew Fastow .
Meanwhile, ranking member Michael Capuano (D-Mass.), raised the memory of Enron, telling the trio of remaining panelists they reminded him of Kenneth Lay, Jeffrey Skilling and Andrew Fastow in that a billion dollars went missing and nobody knew how.
FORBES: Lawmaker Raises Specter Of Enron In MF Global Hearing, Edith O'Brien Takes The Fifth
It might be putting it a little high to talk of "superstar CFOs", but a number of finance directors have emerged from the gloom of the boardroom - most notably Andrew Fastow, formerly of Enron, and Scott Sullivan, formerly of WorldCom.
From Mark Koenig to Sherron Watkins to Ben Glisan and, of course, Andrew Fastow, the jury received testimony that Lay and Skilling were well aware of grave financial problems at Enron, and that they participated in fraud or at least did nothing to prevent it.
But attorneys for Skilling and Lay pounded at Koenig, trying to get him to concede the defense theory there was no company-wide fraud or conspiracy at Enron, but merely the Venn diagram of a few bad corporate apples--such as ex-Chief Financial Officer Andrew Fastow --lots of shaky investors and a brutal market.
应用推荐