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- Lea Weingarten Fastow is a former Enron assistant treasurer who pleaded guilty to tax evasion and filing fraudulent Income Tax returns. The wife of former Enron executive and convicted felon Andrew Fastow, she was the second former Enron executive to go to prison after Enron collapsed due to fraud in December 2001.
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Lea Weingarten Fastow is a former Enron assistant treasurer who pleaded guilty to tax evasion and filing fraudulent Income Tax returns. The wife of former Enron executive and convicted felon Andrew Fastow, she was the second former Enron executive to go to prison after Enron collapsed due to fraud in December 2001.
Dec 2, 2021 · Fastow, seen as one of the chief architects of using off-book partnerships to conceal billions of dollars of losses and debt, pled guilty to securities and wire fraud in 2004 and was sentenced to six years in prison.
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Two decades before the sudden and dramatic collapse of cryptocurrency exchange FTX in November 2022, Enron was a Houston-based energy company that imploded as a result of various fraudulent accounting practices. The fraud came to light in October 2001, following a whistleblower letter from then-Enron Vice President Sherron Watkins to Chairman Ken L...
Given the size of the $63.4 billion Enron bankruptcy at the end of 2001, and the subsequent larger WorldCom bankruptcy in 2002, Congress finally took notice and passed the Sarbanes-Oxley (nicknamed SOX) corporate governance legislation. The SOX law was designed to make it harder to mislead investors and regulators about corporate financial reportin...
The Enron accounting scandal was the culmination of years of fabricating financial reports, using third-party entities, special purpose vehicles, and misleading the Enron board and investors. The principal agents behind the fraudwere all tried and convicted, but there are other important personalities who were secondary actors. Below, we’ll run you...
To this day, Enron remains the poster child for accounting malfeasance. Not that the senior executives at the time minded much, as they were getting rich off of Enron stock, which was being propped up by those same accounting subterfuges. Hence the negative feedback loop of more accounting ruses leading to a higher stock price and more executive co...
Jun 6, 2005 · Lea Fastow, a former Enron employee and wife of the fallen energy giant's chief financial officer, walked out of prison early Monday after serving nearly 11 months for tax evasion.
May 6, 2004 · Lea Fastow, a former Enron assistant treasurer, pleaded guilty to a misdemeanor tax charge Thursday in federal court in Houston. U.S. District Judge David Hittner sentenced her to a year in...
Jul 8, 2005 · The wife of former Enron Corp. finance chief Andrew Fastow was released Friday from a halfway house, ending a year’s prison term for failing to declare her husband’s illegal kickbacks as income,...
May 6, 2004 · The wife of former Enron Corp. (search) finance chief Andrew Fastow (search) was sentenced to 12 months in prison after pleading guilty to a misdemeanor tax charge Thursday.
