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dossiers · Enron

Andrew Fastow: Enron CFO, LJM and case outcomes

Fastow combined Enron’s finance leadership with control of LJM general partners. He pleaded guilty to conspiracy and received a six-year sentence in 2006.

published
14 oct 2026
updated
15 oct 2026
records as of
15 oct 2026
entities
242
sources
136
cite entities.csv

1Roles and the dated record

analysisFastow served as Enron’s executive vice president and CFO while managing the general partners of LJM1 and LJM2 from their 1999 formation through July 2001. These were two capacities with opposing negotiating interests. The board allowed the arrangement through Code of Conduct waivers and management-review requirements; that approval did not authorise undisclosed personal benefits. 1 2 3

analysisHis role extended beyond a remote shareholding. The Powers report described pressure on Enron employees negotiating with LJM and inadequate disclosure of the funds’ profits. Southampton, RADR, Chewco, Cuiaba and the Raptors raised different questions about control, promised returns and personal gains. Those episodes have separate accounts because their cash flows and legal structures differed. 3 4

analysisThe company’s November 2001 filing said it believed Fastow had transferred his LJM interests to Kopper as of 31 July 2001. In January 2004 Fastow pleaded guilty to two conspiracy counts and separately settled the SEC case, accepting a lifetime officer-and-director bar without admitting or denying the civil allegations. His eventual September 2006 prison sentence was six years, rather than the ten years contemplated in the earlier plea terms.

Sources (4)

1 5 6 4

Sources (6)
  1. Company statement source · s-doc7 identified by category only · Company statement
  2. The Role of the Board of Directors in Enron’s Collapse U.S. Senate Permanent Subcommittee on Investigations
  3. Company statement source · s-doc13 identified by category only · Company statement
  4. Andrew S. Fastow, Former Enron Chief Financial Officer, Pleads Guilty, Settles Civil Fraud Charges and Agrees to Cooperate with Ongoing Investigation U.S. Securities and Exchange Commission
  5. FORMER ENRON CHIEF FINANCIAL OFFICER ANDREW FASTOW PLEADS GUILTY TO CONSPIRACY TO COMMIT SECURITIES AND WIRE FRAUD, AGREES TO COOPERATE WITH ENRON INVESTIGATION U.S. Department of Justice
  6. Former Enron Chief Financial Officer Andrew Fastow Sentenced to Six Years in Prison for Conspiracy to Commit Securities and Wire Fraud U.S. Department of Justice

Recorded connections

  • Andrew S. Fastow to Enron Corp. (historical issuer)Executive vice president and chief financial officerdocumented · Before leave and replacement announced 24 October 2001 · historical
  • Andrew S. Fastow to LJM Cayman, L.P.Controlled the general-partner chain and managed LJM1documented · Formation in 1999–July 2001 · current or historical not established
  • Andrew S. Fastow to LJM2 Co-Investment, L.P.Controlled the general-partner chain and managed LJM2documented · Formation in 1999–July 2001 · current or historical not established
  • Andrew S. Fastow to Michael J. KopperFastow sold LJM interests; Kopper acquired interests and managementdocumented · Precise period not established; historical source records dated 2001-07-31, 2002-08-21 · current or historical not established
  • Andrew S. Fastow to Southampton PlaceInvestor through a family foundation; organized Southampton interestsdocumented · Precise period not established; historical source records dated 2002-02-01, 2004-01-14 · current or historical not established
  • Andrew S. Fastow to LJM Swap Sub, LPControlled LJM Swap Subdocumented · Precise period not established; historical source records dated 2004-01-14 · current or historical not established
  • Andrew S. Fastow and Lea W. FastowSpousesdocumented · Precise period not established; historical source records dated 2004-01-14, 2004-05-06, 2004-07-14 · current or historical not established
  • Andrew S. Fastow to Citigroup Inc.Gave verbal support on behalf of Enron for Bacchus equitydocumented · Precise period not established; historical source records dated 2000-12, 2002-12-11 · current or historical not established
  • Andrew S. Fastow to Merrill Lynch & Co., Inc.Promised to arrange Merrill exit from Nigerian-barges investmentreported · Precise period not established; historical source records dated 1999-12-29, 2002-10-02 · current or historical not established
  • Merrill Lynch & Co., Inc. to Andrew S. FastowNegotiated with Fastow over LJM2 marketingdocumented · Precise period not established; historical source records dated 1999-10-13 · current or historical not established
  • Andrew S. Fastow to RADRSelected nominee investors and financed RADR arrangementsreported · Precise period not established; historical source records dated 2002-10-02 · current or historical not established
  • Andrew S. Fastow to Chewco InvestmentsSEC alleged Fastow secretly controlled Chewco and received kickbacksreported · Precise period not established; historical source records dated 2000-12, 2002-10-02 · current or historical not established
  • Michael J. Kopper to Andrew S. FastowReportedtoFastow; served as close finance aidedocumented · Precise period not established; historical source records dated 2002-08-21, 2007-01-31 · current or historical not established
  • LJM2 Co-Investment, L.P. to Andrew S. FastowLJM2, through its successor trust, sued recipients of alleged transfersdocumented · Precise period not established; historical source records dated 2005-07-25 · current or historical not established
  • LJM2 Co-Investment, L.P. to Andrew S. FastowLJM2 sued Fastow over alleged misconduct and mismanagementdocumented · Precise period not established; historical source records dated 2004-09-23 · current or historical not established
  • Andrew S. Fastow to California Public Employees Retirement SystemOffered a proposed LJM3 investment to CalPERSreported · Precise period not established; historical source records dated 2000-12 · current or historical not established
  • Andrew S. Fastow to Canadian Imperial Bank of CommerceDiscussed expected Hawaii equity repayment; expressly could not guarantee itreported · 23 October 2000 email · current or historical not established
  • Silvercreek Management Inc. to Andrew S. FastowSilvercreek pursued claims against Fastowdocumented · Precise period not established; historical source records dated 2017-03-31 · current or historical not established
  • Michael J. Kopper to Andrew S. FastowKopper shared Chewco payments with Fastowreported · Precise period not established; historical source records dated 2000-12 · current or historical not established
  • Andrew S. Fastow to California Public Employees Retirement SystemEnron representative in partnership dealings with CalPERSreported · Precise period not established; historical source records dated 2000-10 · current or historical not established
  • Andrew S. Fastow to LJM 3 Co-Investment LPPromoted the proposed LJM3 fundreported · 2000 proposal; active operation not established · current or historical not established
  • Andrew S. Fastow to Enron Global FinanceMember of the Office of the Chairdocumented · By March 2000 · historical

cite this dossier

DossierTwist, “Enron: business, financial structures and legal outcomes”, dt.011, 14 October 2026 (updated 15 October 2026), https://dossiertwist.com/dossiers/enron/

Free to read, cite and republish with credit under CC BY 4.0: credit “DossierTwist” and link to the dossier.

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