Andrew Fastow
Andrew Fastow
Andrew Stuart Fastowis a convicted criminal and businessman who was the chief financial officer of Enron Corporation, an energy trading company based in Houston, Texas, until he was fired shortly before the company declared bankruptcy. Fastow was one of the key figures behind the complex web of off-balance-sheet special purpose entitiesused to conceal Enron's massive losses in their quarterly balance sheets. By unlawfully maintaining personal stakes in these ostensibly independent ghost-entities, he was able to defraud Enron out of tens...
NationalityAmerican
ProfessionEntrepreneur
Date of Birth22 December 1961
CountryUnited States of America
Andrew Fastow quotes about
I recall being there when Mr. Causey initialed them, seeing him do that.
If there's anything material and we didn't report it we'd be breaking the law. We don't break the law.
I was extremely greedy and lost my moral compass.
He said, ?Get me as much of that juice as you can.
I think many of the statements in there are false.
It was what Mr Lay was saying, what the company was saying. I was trying to keep up the deception as well.
I think I said on more than one occasion yesterday that I was greedy.
We were doing this to inflate our earnings, and I don't think we wanted to show people what we were doing.
I lost my moral compass and I have done terrible things that I very much regret.
I wish I could undo what I did at Enron but I can't. I understand that I deserve punishment. Your honor, I accept the prison sentence that you are about to impose and will serve it without bitterness.
The question I should have asked is not what is the rule, but what is the principle.
When I was initially charged I still thought I was not guilty because I had followed the rules.
Mark-to-market accounting is like crack. Don't do it.