Andrew Fastow

(redirected from Andy Fastow)

Andrew Fastow

The chief financial officer at Enron from 1998 until 2001. That year, it was revealed that many of Enron's assets were either overpriced or completely fictional; losses were hidden in offshore subsidies, and most profits were fraudulent. Fastow shared responsibility for much of this; he traded his testimony against co-conspirators in exchange for a lighter prison sentence. He was born in 1961.
References in periodicals archive ?
Andy Fastow, Jeff Skilling) should have been screaming red flags.
While Jeff Skilling, a larger-than-life figure, dominates his employees with an eye only toward the upward trajectory of the company's stock price, Andy Fastow is the devious brain behind Skilling, hiding the company's debt from its employees, investors, and Wall Street.
Then there were the accounting tricks devised by the firm's financial staff, most notably CFO Andy Fastow.
The criminal acts of Andy Fastow, Enron's chief financial officer, blatant accounting manipulation and fraudulent financial reporting--as well as ineffective audit committee oversight and auditor Arthur Andersen's failed audit--were all factors that called for a regulatory overhaul in areas central to FEI's mission and purpose.
Meanwhile, obsequious finance wizard Andy Fastow (Paul Chahidi) feeds the phantom companies that hide Enron's mounting debts.
Financial director Andy Fastow feeds reams of paper to number-crunching raptors, share prices are beamed onto the faces of the cast and the board members consist of three giant blind mice.
Enron at Birmingham Repertory Theatre Born from the mind of writer Lucy Prebble, a light sabre dance by Enron executives: Main pIcture: Enron chief financial officer Andy Fastow, played by Paul Chahidi, is haunted by a real-life financial nightmare
Jeffrey Skilling Norbert Leo Butz Kenneth Lay Gregory Itzin Claudia Roe Marin Mazzie Andy Fastow Stephen Kunken
It is alleged that Mulgrew and his pals conspired with the bank's former chief financier, Andy Fastow, over a crooked deal to sell shares in a company owned by GNW.
It may be that Enron's Andy Fastow, and his team of experts, knew the accounting rules for establishing special purpose entities better than most in the profession.
He is now likely to appear as a prosecution witness along with Enron's former CFO, Andy Fastow, who agreed to a plea bargain in 2003.
In Eichenwald's story, top executives Ken Lay (chair and CEO) and especially Jeff Skilling (president and briefly CEO) and Andy Fastow (chief financial officer) were very good at inventing intricate financial maneuvers that puffed up the value of Enron far beyond its actual worth.