Wednesday, May 18, 2011

Former Enron exec Fastow moved to Houston halfway house

  HOUSTON (KTRK) -- Former Enron executive Andrew Fastow is out of prison and back in Houston.

Published reports say Fastow was moved from a prison in Louisiana to a halfway house in the Houston area. He's expected to remain there until December. Fastow was considered the mastermind behind the financial schemes that led to Enron's downfall.

He pleaded guilty to conspiracy charges in 2006 and was sentenced to six years in prison.

Fastow received a reduced sentence for testifying against former Enron CEO Jeff Skilling and Kenneth Lay. Lay and Skilling were convicted of fraud and conspiracy. Lay died before going to prison. Skilling awaits resentencing after the supreme court overturned his 24 year sentence.

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