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(Photo: AP)
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Fastow was the chief financial officer who, according to documents, engineered many partnerships that eventually landed Enron in trouble. He was pushed out of Enron on Oct. 24, 2001, the day after CEO Kenneth Lay expressed confidence in him to analysts. Fastow allegedly sold more than 687,000 shares of Enron stock for $33.7 million from June 1996 to November 2001. He also earned at least $45 million from LJM partnerships, investment vehicles named after his wife and two children.
On Oct. 31, 2002, Fastow was indicted on 78 counts of wire and securities fraud, money laundering, conspiracy and obstruction for running various financial schemes designed to enrich him, his family and friends. He pleaded guilty Jan. 14, 2004, to conspiracy in a deal that called for a 10-year sentence and for him to help prosecutors in the investigation and subsequent prosecution of Enron founder Kenneth Lay and the former chief executive, Jeffrey Skilling. Click here to read the plea agreement.
On Sept. 26, 2006, Fastow was sentenced to six years in prison after his attorneys asked for a lesser sentence, citing Fastow's admission of his guilt and his help in the federal government's successful prosecution of Lay and Skilling.
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