Andrew Fastow is an American businessman known for his role as the Chief Financial Officer (CFO) of Enron Corporation, where he was a key figure in the company's infamous accounting scandal.
Andrew Fastow was born on December 22, 1961, in Washington, D.C. He grew up in New Providence, New Jersey, and attended Tufts University, where he earned a degree in economics and Chinese.
Andrew Fastow is married to Lea Fastow, who also worked at Enron. The couple has two sons. Their personal lives were significantly affected by the Enron scandal, leading to legal trouble for both.
Fastow began his career in banking before joining Enron in 1990. As CFO, he developed complex financial structures that initially boosted Enron's profitability but eventually led to the company's collapse. He was sentenced to six years in prison for securities fraud.
Andrew Fastow played a central role in the Enron scandal by creating off-balance-sheet entities to hide the company's debt and inflate profitability, which misled investors and regulators.
Andrew Fastow faced significant legal consequences for his actions in the Enron scandal. He pleaded guilty to two counts of securities fraud and served six years in federal prison.
The collapse of Enron and subsequent scandal effectively ended Andrew Fastow's career in corporate finance. After serving his prison sentence, he has been involved in speaking engagements and consulting.
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