He negotiated to 10 years when he agreed to testify against Lay and Skilling, the true scumbags in all this. Fastow was not nearly in the position of authority they were, although it doesn't make him any less guilty. I don't think they would have been able to bring down Lay (who is dead) and Skilling if it weren't for Fastow's testimony. White collar crime is a weird thing; you want to believe that if nobody gets hurt, the punishment shouldn't be so severe. Then again, thousands of people were hurt by this Enron thing, financially and perhaps worse all things considered.
The WorldCom guy got about 25 years... wow! When I'm a CFO, I'm going by the books or getting the hell out of there!
Has anyone seen the Enron documentary, The Smartest Guys in the Room? It's supposed to be fantastic.
If you're a battery, you're either working or you're dead....
Coppermine wrote:He negotiated to 10 years when he agreed to testify against Lay and Skilling, the true scumbags in all this. Fastow was not nearly in the position of authority they were, although it doesn't make him any less guilty. I don't think they would have been able to bring down Lay (who is dead) and Skilling if it weren't for Fastow's testimony. White collar crime is a weird thing; you want to believe that if nobody gets hurt, the punishment shouldn't be so severe. Then again, thousands of people were hurt by this Enron thing, financially and perhaps worse all things considered.
The WorldCom guy got about 25 years... wow! When I'm a CFO, I'm going by the books or getting the hell out of there!
Has anyone seen the Enron documentary, The Smartest Guys in the Room? It's supposed to be fantastic.
I agree that Lay and Skilling were a lot worse but that still doesn't excuse Fastow from stealing money that most people never even get to make in their entire lifetime.
The movie I referred to in the original post is the documentary. Anyone who is interested in what really happened should watch it. Fascinating stuff.
"Think of how stupid the average person is, and realize half of them are stupider than that." ~George Carlin
How bout around here, the owners of the Station nightclub are getting off pretty easy. One has 4 years to serve, the other just 500 hours of community service. They reached a plea bargain, sentencing is tomorrow but people are up in arms around here. (I live in Mass., but right on the RI line)
How bout around here, the owners of the Station nightclub are getting off pretty easy. One has 4 years to serve, the other just 500 hours of community service. They reached a plea bargain, sentencing is tomorrow but people are up in arms around here. (I live in Mass., but right on the RI line)
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by Yoda » Tue Sep 26, 2006 1:57 pm 
