After listening to a tearful Andrew Fastow, the former chief financial officer at Houston’s Enron Corp., express remorse for his actions that led in part to the downfall of the energy company, U.S. District Judge Kenneth Hoyt of Houston on Tuesday sentenced Fastow to six years in federal prison and two years of supervised release.
The sentencing, shortly after noon, came nearly three years after Fastow pleaded guilty to one count of conspiracy to commit securities fraud and one count of conspiracy to commit wire fraud. The plea bargain he agreed to in January 2004 in United States of America v. Andrew S. Fastow called for a sentence of up to 10 years in prison.
