Essay On Enron Scandal

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Alex Serdiouk Andrew Fastow, Enron Scandal The Enron scandal is one of the biggest scandals to take place in in American history. Enron was once one of the biggest companys in the world. It was the 6th largest energy company in the world. Due to Enron’s downfall investors of the company lost nearly 70 billion dollars. This was all due to many illegal activities done by Eron's employees. One of these employees was Andrew Fastow, the chief financial officer of the Enron corporation had a lot to do with the collapse of the Enron company. Andrew Fastow was born on December 22, 1961 in Washington D.C. He grew up in New Providence, New Jersey. Andrew was the second son of Carl and Joan Fastow who worked in merchandising. They were a typical middle-class Jewish family. Andrew was in many school activities in New Providence high school which is where he graduated. He was in the student government, played in the band, and played on the tennis team. He also took part in the board of education. Andrew was very well educated in economics and government. He earned his bachelors degree in economics at Tufts University where he earned he also met Lea Weingarten. Andrew Fastow married Lea Weingarten in 1984. A few years after graduating from Tufts university they both went to Northwestern university where they earned there MBA'S. They soon found jobs at Continental Illinois National Bank And Trust Company in Chicago. Andrew was a very smart and well educated person and this is why the Enron scandal happened. Andrew was hired to work at Enron in 1990 by Jeffrey Skilling because of his outstanding work at Continental. After 8 years Andrew was giving a very important position at Enron. He was named the chief financial officer of ... ... middle of paper ... ...ft. He responded by saying that it was nobody's business. People believe that Andrew Fastow and other Enron workers got off too lightly. They still have plenty of money left. Bibliography "Enron Fast Facts." CNN. Cable News Network, 01 Jan. 1970. Web. 06 Apr. 2014. Murphy, Kate, and Alexei Barrionuevo. "Fastow Sentenced To 6 Years." The New York Times. The New York Times, 26 Sept. 2006. Web. 06 Apr. 2014. "Fastow: Enron Didn’t Have to Go Bankrupt." CNBC.com. N.p., n.d. Web. 06 Apr. 2014. "Andrew Fastow Draws on Enron Failure in Speech on Ethics at CU." - The Denver Post. N.p., n.d. Web. 06 Apr. 2014. Meglio, Francesca Di. "Enron's Andrew Fastow: The Mistakes I Made." Bloomberg Business Week. Bloomberg, 22 Mar. 2012. Web. 06 Apr. 2014. "Andrew Fastow Biography." Bio.com. A&E Networks Television, n.d. Web. 06 Apr. 2014.

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