Former Enron CFO Implicates Skilling
Posted on Mar 8, 2006
HOUSTON—Andrew S. Fastow, the government’s star witness in the Enron Corp. trial, took the stand Tuesday and testified that he concocted a massive fraud in face-to-face meetings with the company’s chief executive, who both sanctioned the deals and asked him to “get me as much juice as you can.”
Fastow, in a nervous but steady voice, spent most of his first six hours on the stand describing quid pro quo deals he arranged with Jeffrey K. Skilling, then Enron’s chief executive. He said Skilling was so obsessed with making the company look good for Wall Street that Skilling approved of sham deals that helped the company meet its earnings targets while Fastow, then chief financial officer, personally skimmed millions of dollars off the transactions.
Also, Check out Robert Scheer’s latest column on Enron, or a compendium of earlier ones.
David J. Phillip / AP Photo
Former Enron finance chief Andrew S. Fastow at the federal courthouse in Houston in 2004. Fastow, who has pleaded guilty to conspiracy, is now testifying against former Enron CEO Jeffrey K. Skilling.