4 ms·
Andy Fastow (Enron CFO) is really the one who executed all of the structured finance shenanigans. Skilling’s sin was lying about it to investors.
by tc313 6y ago
Andy Fastow (Enron CFO) is really the one who executed all of the structured finance shenanigans. Skilling’s sin was lying about it to investors.
- elliekelly 6y agoLying to investors is the worst sin you can commit in the eyes of the SEC.
- WJW 6y agoThat's why he went to jail. Hopefully he learned his lesson and won't do it again. TBF, anyone investing with him and not double checking every single word he writes deserves what is coming to them. Even then, I bet the SEC will keep a close eye on him.