Technology, media and telecomm

Wife of Enron CFO gets year in jail

A US judge has sentenced the wife of former Enron finance chief Andrew Fastow, to 12 months in prison. Earlier today, Lea Fastow, a former Enron assistant treasurer, pleaded guilty to a misdemeanor tax charge.

She told the judge she was guilty of submitting an income tax return that did not include money her family received from her husband's secretive partnerships.

It was the second time Fastow had gone before the court to agree to a plea bargain. The first one collapsed on April 7 after the judge refused to stick with a five-month prison term prosecutors recommended and Fastow pulled out of the deal.

Advertisement

Lea Fastow last year was charged with six felony conspiracy and tax counts by the US Justice Department's Enron Task Force, as they tried to persuade her husband to cooperate with their investigation into the bankrupt former energy giant.

Andrew Fastow pleaded guilty to separate charges and will serve a 10-year prison term after he finishes cooperating with prosecutors.

    Advertisement
Related Stories
Top Headlines

LIVE TV

Now:
Trish's Paris Kitchen
14:20 Monday 22 March
Next:
Kazoo
15:05 Monday 22 March

RTÉ.ie Business Highlights

Morning Ireland

Shannon Airport charge: The Air Transport Users Council says the plan would see passengers paying the charge rather than the airlines as is the case now.

Read

This Week

Tough talking: The new Financial Regulator Matthew Elderfield has vowed to stop banks slipping back into old habits

Play

The Business

The Business is a full hour on business and enterprise in Ireland, with a sprinkling of personal finance - Saturdays at 10am

Read

One News Business

A daily business round-up on the One O'Clock News.

Read

Broker Reports

View from the brokers: news and analysis from the main Dublin stockbrokers every morning.

Read

RTÉ.ie Breaking Business Alerts

Get breaking business news when you're on the move. Click here for the terms and conditions .

Read