Risk Management

Andrew Fastow’s Sentencing Delayed

The postponement may have something to do with the fact that the former Enron finance chief will probably testify against three former NatWest bank...
Stephen TaubJuly 20, 2006

The sentencing of Andrew Fastow, the former Enron CFO, has been put off one month.

Fastow was slated to learn how much time he would spend in prison on August 28. Now, he will wait until September 26, according to the Houston Chronicle.

The paper noted that sentencing delays in complex criminal cases are common. Fastow’s postponement may have something to do with the fact that he will probably testify against three former NatWest bankers being tried for their involvement with Enron.

Sentencing has also been delayed for Kevin Howard, the former finance chief of Enron’s Internet division, who was found guilty in May of conspiracy, fraud, and money laundering, the Chronicle also noted. Howard will be sentenced on Oct. 30, one week after the scheduled sentencing of former CEO Jeff Skilling.

Attorneys for former top accountant Richard Causey also asked a judge this week to delay his sentencing, which had been scheduled for Aug. 17. The Chronicle noted that his lawyer, Reid Weingarten, requested that sentencing be postponed until Oct. 19 “to allow Mr. Causey the opportunity to explore various avenues of potential cooperation with the government” in its ongoing investigation of Enron matters.