Best Local Boy Gone Bad
Andrew Fastow
To his neighbors and friends, Andrew Fastow was a good-looking young business executive with an art-loving wife and young children. But inside a corporation chock-full of self-proclaimed piranhas competing to chew the most lucrative deals out of customer hides, Chief Financial Officer Andy prided himself on being the biggest and baddest. "We are Enron and we will tear your face off," he once joked to colleagues. His breathtakingly intricate accounting creations, including one named after his tony Southampton neighborhood, pumped up the company with billions of dollars of nonexistent profits, while siphoning off all-too-real millions to himself and a web of favored colleagues. Fastow made his enterprise a family affair, with wife and fellow Enron employee Lea involved in the shady bookkeeping. His two children were even used as conduits for kickbacks, according to subordinate Michael Kopper, who pleaded out with the feds. Fastow now faces nearly 100 felony counts ranging from conspiracy to money laundering, with a possible sentence of more than 1,000 years. The feds filed six counts of tax evasion on Lea. In typical Enron style, when Andy went bad, he did it on a scale larger than life.
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