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| Version 0 | Version 1 |
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| Enron's Fastow awaits sentencing | Enron's Fastow awaits sentencing |
| (about 2 hours later) | |
| Andrew Fastow, the former Enron finance executive who admitted his role in the giant fraud at the company, will be sentenced on Tuesday. | Andrew Fastow, the former Enron finance executive who admitted his role in the giant fraud at the company, will be sentenced on Tuesday. |
| Fastow, 44, pleaded guilty to fraud and money laundering in 2004 and became the chief witness in the trial against Ken Lay and Jeffrey Skilling. | |
| Under the terms of his agreement with prosecutors, Fastow can serve a maximum of ten years in jail. | Under the terms of his agreement with prosecutors, Fastow can serve a maximum of ten years in jail. |
| However, this could be reduced at the discretion of the judge. | However, this could be reduced at the discretion of the judge. |
| Victim participation? | |
| US District Judge Kenneth Hoyt has invited former Enron workers to speak at Mr Fastow's sentencing to bear witness to how his crimes and those of colleagues affected their lives. | |
| It is not clear how many people will take advantage of the 2004 statute that gave victims in federal fraud cases enhanced rights. | |
| Fastow orchestrated a series of loss-making deals and financial schemes to hide debts from investors. | Fastow orchestrated a series of loss-making deals and financial schemes to hide debts from investors. |
| He admitted these actions were fraudulent and enabled him to steal money from the energy trading firm. | He admitted these actions were fraudulent and enabled him to steal money from the energy trading firm. |
| Fastow's testimony helped convict former chairman Mr Lay, who died in July, and former chief executive Mr Skilling, who will be sentenced next month. | Fastow's testimony helped convict former chairman Mr Lay, who died in July, and former chief executive Mr Skilling, who will be sentenced next month. |
| Lawyers for Fastow have argued that a full 10-year sentence is not "necessary", but legal experts say judges in previous Enron cases have not be inclined to show much leniency to convicted offenders. | Lawyers for Fastow have argued that a full 10-year sentence is not "necessary", but legal experts say judges in previous Enron cases have not be inclined to show much leniency to convicted offenders. |
| Mr Fastow was indicted on 98 counts of fraud and conspiracy and pleaded guilty to two counts of conspiracy. | |
| He was also forced to surrender $30m in cash and other assets. |