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Born in United States · Nationality American — Enron / off-balance-sheet vehicles / conflicts of interest / accounting fraud / criminal and SEC proceedings

Andrew Fastow

Business and billionaires

Documented profile covering 12 controversies, including “2004–2006: Cooperates with Enron Task Force, then receives reduced six-year sentence” and “14 January 2004: Guilty plea to two securities fraud and wire fraud conspiracy counts”.

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Profile No. 1874 · Updated on 13 October 2026

12Documented controversies
5Sources
1 followed by a conviction

§ Legal statuses reflect the documented sources as of the date shown; they replace neither court decisions nor the presumption of innocence. Counts are not a rating. Methodology

I. Documented controversies

Case · 9 documented stages

2004–2006: Cooperates with Enron Task Force, then receives reduced six-year sentence

Conviction
01

2004–26 September 2006

2004–2006: Cooperates with Enron Task Force, then receives reduced six-year sentence

Conviction

Fastow agreed to cooperate with the Enron investigation and prosecutions. Although his initial agreement referred to ten years, the judge ultimately sentenced him to six years in 2006 after his cooperation, with forfeiture of more than $20 million.

State of the evidence
Documented
Attribution
Accused

Sources · 2

  1. [1]
    U.S. Department of JusticeFormer Enron Chief Financial Officer Andrew Fastow Pleads Guilty to Conspiracy to Commit Securities and Wire FraudRegulatory authorityVery high reliability
  2. [2]
    U.S. Department of JusticeFormer Enron Chief Financial Officer Andrew Fastow Sentenced to Six Years in PrisonRegulatory authorityVery high reliability

Last verified: 13 September 2026

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02

14 January 2004

14 January 2004: Guilty plea to two securities fraud and wire fraud conspiracy counts

Conviction

Fastow pleaded guilty to two conspiracy counts, admitting that he had participated with other executives in manipulating Enron's earnings and in self-dealing transactions.

Attribution
Accused

Sources · 1

  1. [1]
    U.S. Department of JusticeFormer Enron Chief Financial Officer Andrew Fastow Pleads Guilty to Conspiracy to Commit Securities and Wire FraudRegulatory authorityVery high reliability

Last verified: 13 September 2026

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06

1997–2001

1997–2001: RADR — concealed interests, undisclosed loans and secret payments

Conviction

The SEC described RADR as a vehicle whose ownership and control linked to Fastow and Michael Kopper were concealed, with undisclosed financing and payments.

State of the evidence
SEC_detailed_allegation_later_covered_by_guilty_plea_context
Attribution
Directly implicated

Sources · 2

  1. [1]
    U.S. Securities and Exchange CommissionAndrew S. FastowRegulatory authorityVery high reliability
  2. [2]
    U.S. Securities and Exchange CommissionAndrew S. Fastow, Former Enron Chief Financial Officer, Pleads Guilty, Settles Civil Fraud Charges and Agrees to CooperateRegulatory authorityVery high reliability

Last verified: 13 September 2026

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07

1997–2001

1997–2001: Chewco — concealed control and financing to avoid consolidation

Conviction

Chewco was used to keep certain assets and liabilities off the balance sheet; the SEC alleged that Fastow concealed his ties to, and financing arrangements with, those controlling the vehicle.

State of the evidence
Alleged
Attribution
Directly implicated

Sources · 2

  1. [1]
    U.S. Securities and Exchange CommissionAndrew S. FastowRegulatory authorityVery high reliability
  2. [2]
    U.S. Securities and Exchange CommissionAndrew S. Fastow, Former Enron Chief Financial Officer, Pleads Guilty, Settles Civil Fraud Charges and Agrees to CooperateRegulatory authorityVery high reliability

Last verified: 13 September 2026

Add to this entry

08

1999–2001

1999–2001: Cuiabá — sale to LJM1 with secret guaranteed repurchase agreement

Conviction

To avoid consolidating the debt of a troubled Brazilian energy project, LJM1 purchased an interest with, according to the SEC, an unwritten agreement guaranteeing that Enron would repurchase it at a profit.

State of the evidence
Alleged
Attribution
Directly implicated

Sources · 2

  1. [1]
    U.S. Securities and Exchange CommissionAndrew S. FastowRegulatory authorityVery high reliability
  2. [2]
    U.S. Securities and Exchange CommissionAndrew S. Fastow, Former Enron Chief Financial Officer, Pleads Guilty, Settles Civil Fraud Charges and Agrees to CooperateRegulatory authorityVery high reliability

Last verified: 13 September 2026

Add to this entry

09

1999–2001

1999–2001: LJM1/LJM2 conflicts of interest, concealed fees and disguised gifts

Conviction

Fastow managed partnerships doing business with Enron while serving as CFO. The SEC accused the arrangement of enabling fees, secret payments and $10,000 gifts to associates, while giving Enron's dealings the appearance of transactions with independent third parties.

State of the evidence
SEC_detailed_allegation_and_guilty_plea_context
Attribution
Directly implicated

Sources · 2

  1. [1]
    U.S. Securities and Exchange CommissionAndrew S. FastowRegulatory authorityVery high reliability
  2. [2]
    U.S. Department of JusticeFormer Enron Chief Financial Officer Andrew Fastow Pleads Guilty to Conspiracy to Commit Securities and Wire FraudRegulatory authorityVery high reliability

Last verified: 13 September 2026

Add to this entry

10

February 2000

2000: Southampton — misleading information about NatWest exit price and secret enrichment

Conviction

The SEC alleged that Enron was told NatWest wanted $20 million for its interest, when the bank allegedly received only about $1 million, with the difference benefiting Fastow and others; a family foundation allegedly received $4.5 million.

State of the evidence
SEC_detailed_allegation_and_fastow_guilty_plea_context
Attribution
Directly implicated

Sources · 2

  1. [1]
    U.S. Securities and Exchange CommissionAndrew S. FastowRegulatory authorityVery high reliability
  2. [2]
    U.S. Department of JusticeFormer Enron Chief Financial Officer Andrew Fastow Pleads Guilty to Conspiracy to Commit Securities and Wire FraudRegulatory authorityVery high reliability

Last verified: 13 September 2026

Add to this entry

11

December 1999–June 2000

1999–2000: Nigerian barges — sham sale with secret repurchase promise

Conviction

Fastow allegedly gave Merrill Lynch an oral guarantee that Enron would arrange its exit from an investment in Nigerian barges, allowing Enron to recognise approximately $12 million in earnings before LJM2 repurchased the interest.

State of the evidence
Alleged
Attribution
Directly implicated

Sources · 2

  1. [1]
    U.S. Securities and Exchange CommissionAndrew S. FastowRegulatory authorityVery high reliability
  2. [2]
    U.S. Securities and Exchange CommissionAndrew S. Fastow, Former Enron Chief Financial Officer, Pleads Guilty, Settles Civil Fraud Charges and Agrees to CooperateRegulatory authorityVery high reliability

Last verified: 13 September 2026

Add to this entry

12

August–September 2000

2000: Raptor I / Avici — artificial hedge and backdated documents

Conviction

The SEC alleged that Raptor I was used to artificially protect the value of Enron investments and that a hedge linked to Avici Systems had been documented retrospectively to use an earlier, more favourable share price.

State of the evidence
Alleged
Attribution
Directly implicated

Sources · 1

  1. [1]
    U.S. Securities and Exchange CommissionAndrew S. FastowRegulatory authorityVery high reliability

Last verified: 13 September 2026

Add to this entry

03

14 January 2004

2004: SEC settlement — more than $23m disgorgement and permanent officer/director ban

Civil / administrative proceedings

Fastow settled the SEC action, accepting a permanent injunction, a ban on serving as an officer or director of a listed company and disgorgement of more than $23 million in gains.

State of the evidence
settled_without_admitting_or_denying_SEC_allegations
Attribution
Accused

Sources · 1

  1. [1]
    U.S. Securities and Exchange CommissionAndrew S. Fastow, Former Enron Chief Financial Officer, Pleads Guilty, Settles Civil Fraud Charges and Agrees to CooperateRegulatory authorityVery high reliability

Last verified: 13 September 2026

Add to this entry

04

2001–2002

2001–2002: Alleged failure to comply fully with SEC subpoena

Civil / administrative proceedings

During the Enron investigation, the SEC asked the court to compel Fastow to comply with a subpoena for testimony and documents, alleging that he had failed to do so.

State of the evidence
Documented
Legal status — source text
SEC_sought_court_order_compelling_compliance
Attribution
Directly implicated

Sources · 1

  1. [1]
    U.S. Securities and Exchange CommissionComplaint No. 2: SEC v. Andrew S. FastowRegulatory authorityVery high reliability

Last verified: 13 September 2026

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05

2 October 2002

2 October 2002: SEC civil fraud proceedings

Civil / administrative proceedings

The SEC filed an action accusing Fastow of defrauding shareholders, manufacturing earnings, concealing interests in entities and enriching his family and associates.

State of the evidence
formal_SEC_charges
Attribution
Accused

Sources · 1

  1. [1]
    U.S. Securities and Exchange CommissionAndrew S. FastowRegulatory authorityVery high reliability

Last verified: 13 September 2026

Add to this entry

II. Constellation of documented links

No documented link with another published profile for now.

Two profiles are linked when a documented controversy of one names the other. The link points to that controversy and its sources; it does not indicate a personal relationship.

III. Has something changed?

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