Andrew Fastow

SEC Launches Investigation Into Enron's Related-Party Transactions

2001-10-22 00:00:00 +0000 UTC | Importance: 9/10

On October 22, 2001, the Securities and Exchange Commission announced it was formally investigating Enron’s suspicious dealings with partnerships controlled by CFO Andrew Fastow, characterizing them as “some of the most opaque transactions with insiders ever seen.” Enron’s …

Securities and Exchange Commission (SEC) Andrew Fastow Kenneth Lay corporate-fraud enron sec investigation regulatory-enforcement

Enron Reports $618 Million Loss and Reveals CFO Partnership Schemes

2001-10-16 00:00:00 +0000 UTC | Importance: 9/10

On October 16, 2001, Enron announced a $618 million quarterly loss, marking a pivotal moment in the company’s downfall. The loss was largely attributed to a one-time charge for terminating “certain structured finance arrangements” known as the Raptors, which were partnerships …

Kenneth Lay Jeffrey Skilling Andrew Fastow corporate-fraud enron accounting-fraud white-collar-crime