Andrew Fastow

Quick Facts

Full Name	Andrew Fastow
Occupation	Entrepreneur
Date Of Birth	Dec 22, 1961(1961-12-22)
Age	63
Birthplace	Washington
Country	United States
Birth City	Washington, D.C.
Horoscope	Capricorn

Andrew Fastow Biography

Andrew Fastow is one of the most popular and richest Entrepreneur who was born on December 22, 1961 in Washington, Washington, D.C., United States. Former chief financial officer at Enron who served a six-year prison sentence after the company’s money-laundering scandal.

He was inspired by the success of Bill Gates.

Fastow graduated from Tufts University in 1983 with a B.A. in Economics and Chinese. While there, he met his future wife, Lea Weingarten, daughter of Miriam Hadar Weingarten (a former Miss Israel 1958), whom he married in 1984. Fastow and Weingarten both earned MBAs at Northwestern University and worked for Continental Illinois bank in Chicago. Both he and his wife attended Congregation Or Ami, a conservative synagogue in Houston where he taught Hebrew School.

While at Continental, Fastow worked on the newly emerging “asset-backed securities”. The practice spread across the industry “because it provides an obvious advantage for a bank”, noted the Chicago Tribune. “It moves assets off the bank’s balance sheet while creating revenue.” In 1984, Continental became the largest U.S. bank to fail in American history until the seizure of Washington Mutual in 2008.

He attended Northwestern University and Tufts University where he met his future wife. He married Lea Fastow in 1984.

Andrew Fastow Net Worth

Andrew Fastow is one of the richest Entrepreneur from United States. According to our analysis, Wikipedia, Forbes & Business Insider, Andrew Fastow 's net worth $500 Thousand. (Last Update: December 11, 2023)

He worked at Continental Illinois National Bank and Trust Company in Chicago.

He embraced the late-1990s deregulation of the United States energy markets to grow Enron into the behemoth company that it became before its fall.

Andrew Stuart “Andy” Fastow (born December 22, 1961) is a convicted felon and former financier 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 entities (limited partnerships which Enron controlled) used 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 of millions of dollars. The U.S. Securities and Exchange Commission opened an investigation into his and the company’s conduct in 2001. Fastow was sentenced to a six-year prison sentence and ultimately served five years for convictions related to these acts. His wife, Lea Weingarten, also worked at Enron, where she was an assistant treasurer; she pleaded guilty to conspiracy to commit wire fraud, money laundering conspiracy and filing fraudulent income tax returns, and served jail time before early release to a halfway house.

Height, Weight & Body Measurements

Andrew Fastow height Not available right now. Andrew weight Not Known & body measurements will update soon.

Who is Andrew Fastow Dating?

According to our records, Andrew Fastow married to Lea Fastow. As of December 1, 2023, Andrew Fastow’s is not dating anyone.

Relationships Record : We have no records of past relationships for Andrew Fastow. You may help us to build the dating records for Andrew Fastow!

Also in 2003, Bethany McLean and Peter Elkind wrote the book The Smartest Guys in the Room: The Amazing Rise and Scandalous Fall of Enron ISBN 1-59184-008-2. In 2005, the book was made into a documentary film Enron: The Smartest Guys in the Room.

Facts & Trivia

Andrew Ranked on the list of most popular Entrepreneur. Also ranked in the elit list of famous people born in United States. Andrew Fastow celebrates birthday on December 22 of every year.

On May 6, 2004, his wife, Lea Fastow, a former Enron assistant treasurer, pleaded guilty to a tax charge and was sentenced to one year in a federal prison in Houston, and an additional year of supervised release. She was released to a halfway house on July 8, 2005.

Top Facts about Andrew Fastow

1. Andrew Fastow was the CFO of Enron from 1998-2001.
2. He created off-balance sheet entities to hide debt.
3. Fastow pleaded guilty to fraud and served six years in prison.
4. He cooperated with prosecutors in the Enron scandal investigation.
5. Fastow testified against former colleagues, including CEO Jeffrey Skilling.
6. His actions led to the collapse of Enron and financial losses for investors.
7. Fastow received a reduced sentence for his cooperation with authorities.
8. He now speaks publicly about ethics and corporate responsibility.
9. Fastow’s case is often cited as an example of corporate greed and corruption.
10. The Enron scandal resulted in new regulations for public companies.

What happened to Andrew S Fastow?

Since his release from prison in 2011 , Fastow has worked the lecture circuit, and has also given unpaid talks to business groups, fraud investigators and college classes. Often, he displays his Federal Bureau of Prisons identification card in one hand and a “CFO of the Year” trophy he once won in the other.

Where is Andy Fastow?

Andy Fastow was the Chief Financial Officer of Enron Corp. from 1998 – 2001. In 2004, he pled guilty to two counts of securities fraud, and was sentenced to six years in federal prison. He completed his sentence in 2011, and now lives with his family in Houston, Texas.

What is Jeffrey Skilling doing now?

Former Enron CEO Jeffrey Skilling reportedly is starting a new venture for investing in the oil and gas industry. Four people familiar with the matter told Reuters that Skilling is raising funds to start Veld LLC and has been meeting with energy investment firms in recent months.

Where is Ken Lay now?

Lay died in July 2006 while vacationing in his house near Aspen, Colorado , three months before his scheduled sentencing. A preliminary autopsy reported Lay died of a heart attack caused by coronary artery disease. His death resulted in a vacated judgment.

What did Jeffrey Skilling do?

Skilling was convicted in 2006 of 12 counts of securities fraud, five counts of making false statements to auditors, one count of insider trading and one count of conspiracy for his role in hiding debt and orchestrating a web of financial fraud that ended in the Houston company’s bankruptcy.