Thursday, December 8, 2005

Which Time Were You Lying?

A Houston Chronicle story (here) discusses two affidavits signed by former Enron CFO Andrew Fastow asserting that he and his wife properly accounted on their taxes for payments received from Michael Kopper, another Enron financial executive, related to the special purposes entities they controlled.  The affidavits, recently unsealed by the district court in Houston, were drafted after Fastow and his wife, Lea, were indicted, and apparently were going to be part of the defense to the charges that the money was a gift.  Lea Fastow ultimately pled guilty to a false tax return count and served a little less than one year for the offense, while Andrew Fastow's guilty plea includes an agreement to serve a ten-year prison term. The affidavits will certainly be used for impeachment by the defense for former Enron CEOs Ken Lay and Jeffrey Skilling, and former chief accounting officer Richard Causey, in the conspiracy trial slated to begin in January 2006.  What defense lawyer doesn't want to ask the ultimate question of the government's star witness: "Which time were you lying, Mr. Fastow, then or now?" (ph)

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» Fastow: "What do you mean 'tax fraud?'" from Houston's Clear Thinkers
This earlier post noted that Lea Fastow -- a former mid-level Enron executive and wife of demonized former Enron CFO Andrew Fastow -- was prosecuted more harshly than normal for tax fraud because of her relationship to Fastow and endured... [Read More]

Tracked on Dec 8, 2005 5:03:06 AM


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