Subordinates

Fastow Indictment Expected; LJM2 Files for Bankruptcy

Former Enron Corp. CFO Andrew Fastow and some of his subordinates may face criminal indictments by the end of next week, according to several reports. The sealed criminal grand jury indictment apparently includes fraud charges and other allegations, and Fastow is expected to turn himself in to authorities in Houston by Wednesday. Ironically, one of the attention-grabbing off-the-book partnerships created and managed by Fastow that destroyed Enron filed for bankruptcy last week.

September 30, 2002

Fastow Indictment Expected Within Days; SEC Says Board Scrutiny ‘Low Priority’

Former Enron Corp. CFO Andrew Fastow and some of his subordinates may face criminal indictments before the end of the month, according to a published report in USA Today. The sealed criminal grand jury indictments apparently include fraud charges as well as other allegations.

September 26, 2002