Andrew Fastow - Sentencing and Incarceration

Sentencing and Incarceration

After entering into a plea agreement with a maximum penalty of 10 years in prison and the forfeiture of US$23.8 million in family assets, on September 26, 2006, Fastow was sentenced to six years, followed by two years of probation. U.S. District Judge Ken Hoyt believed Fastow deserved leniency for his cooperation with the prosecution in several civil and criminal trials involving former Enron employees. Hoyt recommended that Fastow's sentence be served at the low-security Federal Correctional Institution in Bastrop, Texas. Fastow was incarcerated at the federal penitentiary near Pollock, Louisiana. He was released on December 16, 2011. As of June 2012, Fastow was working as a document review clerk for a law firm in Houston.

Read more about this topic:  Andrew Fastow