Former Enron CFO Freed from Prison

HOUSTON (AP) _ The mastermind behind financial schemes that doomed Enron Corp. has returned to Houston this week to serve the remainder of his six-year sentence at a halfway house.

A U.S. Bureau of Prisons spokesman says Andrew Fastow has joined another former Enron executive who is also serving part of his sentence at the halfway house.

A third ex-Enron executive who had been at the facility left a day after Fastow arrived.

Fastow on Monday left a federal prison in Louisiana, where he served most of his prison sentence, and reported to the halfway house.

Fastow is the former chief financial officer for Enron. He was sentenced in 2006 for his role running various schemes to hide company debt and inflate profits.

(Copyright 2011 by The Associated Press.  All Rights Reserved.)

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Posted by Chace Murphy on May 19 2011. Filed under News. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry