PeopleAndrew Fastow’s biography, fact, career, awards, net worth & life story
- Source of Wealth: Business and Company
- Age: 58
- Birth Place: Washington, D.C.
- Marital Status: Married to Lea Fastow
- Full Name: Andrew Stuart Fastow
- Nationality: American
- Date of Birth: December 22, 1961
- Occupation: Businessman
- Education: Tufts University and Northwestern University
- Children: Jeffrey and Michael
Ex-Enron Andrew Fastow has an estimated net worth of $500 thousand. Born Andrew Stuart Fastow on December 22, 1961 in Washington, D.C., he earned his BA’s in Economics and Chinese from Tufts University and his MBA at Northwestern University. He began his career at Continental Illinois National Bank and Trust Company in Chicago on the asset-backed securities. Continental became the largest U.S. bank to fail in American history in 1984.
In 1990, Fastow was hired by Jeffrey Skilling at Enron Financial Corporation, an energy trading company based in Houston, Texas. He was named the Chief Financial Officer in 1998. In 2001, the U.S. Securities and Exchange Commission investigated Enron and Fastow as well as the company’s conduct. He was indicted by a federal grand jury in Houston on 78 counts including fraud, money laundering, and conspiracy on October 31, 2002. In order to hide massive losses, he used limited partnerships which they controlled. He pled guilty to two counts of wire and securities fraud on January 14, 2004. He also agreed to become an informant and will help in the prosecutions of other former Enron executives while serving a ten-year prison sentence. On September 26, 2006, he was sentenced to six years in prison with two years of probation. On December 16, 2011, he was released from prison. Since June 2012, he was working as a document review clerk at a law firm in Houston.