Enron CFO Goes to Prison
Criminal Law
After a delay of nearly two months, former Enron CFO Andrew Fastow is going to prison in the federal correctional system. The purpose of the delay was to allow him to give a deposition in the securities fraud class action against the company's banks. Fastow testified for eight and a half days in Houston, before being dispatched on the BOP bus to Oakdale, taking daily trips with U.S. Marshals to a facility where seventy lawyers listened to him, along with live internet broadcasting.
Fastow is currently being held in the Federal Detention Center in Oakdale, Louisiana. U.S. District Judge Hoyt recommended during sentencing that the Bureau of Prisons place Fastow at the minimum security facility at Bastrop, Texas, near Austin. However, judges have no control over what the BOP decides on assignments. The Oakdale complex includes a minimum security facility (the Oakdale FCI), where former WorldCom CEO Bernie Ebbers is serving a 25-year sentence. Fastow is currently in the FDC which also includes a prison camp.
A New York Times story estimates that at $450 per hour, all those lawyers billed about $2.1 million. That figure does not include the costs of support personnel and firm associates in addition to the costs of daily transcripts and duplication. If the securities fraud case goes to trial, then Fastow may have to take a few more trips to Houston to testify - again.
Breaking Legal News.com
Sheryl Jones
Staff Writer
Related listings
-
Judge refuses to block Trump administration from building border wall
Criminal Law 08/15/2026A federal judge refused on Friday to block the Trump administration from taking steps to build 62 miles of international border wall along part of a Native American tribe’s reservation without its consent.U.S. District Judge Richard Leon in Was...
-
Small businesses file lawsuits against Trump’s new sweeping tariffs
Criminal Law 08/03/2026Two lawsuits filed by small businesses are challenging Trump’s sweeping tariffs announced Thursday that impose double-digit levies on 60 trading partners.The tariffs, implemented under Section 301 of the Trade Act of 1974 for what the Trump adm...
-
The U.S. government can continue collecting the 10% worldwide tariff it imposed
Criminal Law 07/26/2026The U.S. government can continue collecting the 10% worldwide tariff it imposed in February while legal challenges to the levies continue to work their way through the courts, a federal court ruled Thursday.The Court of Appeals for the Federal Circui...
Grounds for Divorce in Ohio - Sylkatis Law, LLC
A divorce in Ohio is filed when there is typically “fault” by one of the parties and party not at “fault” seeks to end the marriage. A court in Ohio may grant a divorce for the following reasons:
• Willful absence of the adverse party for one year
• Adultery
• Extreme cruelty
• Fraudulent contract
• Any gross neglect of duty
• Habitual drunkenness
• Imprisonment in a correctional institution at the time of filing the complaint
• Procurement of a divorce outside this state by the other party
Additionally, there are two “no-fault” basis for which a court may grant a divorce:
• When the parties have, without interruption for one year, lived separate and apart without cohabitation
• Incompatibility, unless denied by either party
However, whether or not the the court grants the divorce for “fault” or not, in Ohio the party not at “fault” will not get a bigger slice of the marital property.