The Fastow sentencing memorandum

Fastow18.jpgAs Jamie Olis awaits his resentencing for working on a transaction for which he did not profit, Andrew Fastow’s lawyers (one of whom is Olis’ attorney — small world, isn’t it?) filed a sentencing memorandum earlier this week that claims that Fastow has “stepped up to take responsibility,” has expressed “full remorse” for his role in Enron’s demise and “is a changed man.” WaPo’s Carrie Johnson reports on the memorandum here and a copy of the Fastow sentencing memo can be downloaded here.
Before you become convinced that Fastow has turned his back on his evil ways and become a paragon of virtue, take a moment to review the following:

How Fastow served up his wife as a sacrifical lamb for his effective embezzlement of funds from Enron;
How Fastow used the NatWest Three to hide his embezzlement of funds from Enron and then turned on the bankers to save his skin;
How Fastow may have forged Richard Causey’s initials on the Global Galatic “agreement”;
Fastow’s bizarre testimony in the Lay-Skilling trial; and
Fastow’s involvement in ruining the careers of four innocent Merrill Lynch executives in order to lessen his prison sentence.

Changed man? Heck, it looks to me as if Fastow has manipulated the Enron Task Force in the same manner as he manipulated many of his colleagues at Enron.

3 thoughts on “The Fastow sentencing memorandum

  1. Tom or anyone, could you tell me, or remind me, if you’ve posted it before, what if any precendents there are for the prosecution’s naming 100+ co conspirators and Judge Lake’s refusal to grant limited immunity for defense witnesses?
    I’m of the view that had such testimony had been heard, Fastow would have been convincingly uncovered as a liar under oath, as would Dave Deleany, and Ken Rice.

  2. Bruce, there is no precedent for the Task Force fingering over 100 co-conspirators in regard to the Lay-Skilling trial. In my view, that tactic chilled numerous witnesses with exculpatory testimony for Skilling and Lay and undermined the integrity of the trial.
    The issue was raised on numerous occasions by the Lay-Skilling defense team in regard to their prosecutorial misconduct motions, but it was addressed most squarely by Judge Lake here in regard to a motion by Lay-Skilling to grant immunity to several witnesses who had been fingered by the Task Force. Here is another post that bears on the issue as it relates to several of the Enron-related plea bargains.
    I expect that this troublng issue will be a key one on the Skilling appeal.

Leave a Reply