Former Enron CFO Andrew Fastow testified Tuesday in the criminal trial of Jeffrey Skilling and Ken Lay that he considered himself a "hero" for helping Enron manipulate its earnings through improper deals with some off-balance-sheet entities that he set up and managed. Fastow, who pleaded guilty in 2004 to two criminal charges and faces 10 years in prison, said he also benefited financially from the deals.
March 08, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Former Enron Corp. Chief Financial Officer Andrew Fastow testified Tuesday in the criminal trial of Jeffrey Skilling and Ken Lay that he considered himself a “hero” for helping Enron manipulate its earnings with improper deals with some off-balance-sheet entities he set up and managed.
Fastow, who was the general partner in three off-balance-sheet entities called LJM 1, LJM 2 and LJM 3, said he also benefited financially from the deals.
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