Enron’s Fastow to serve term in Louisiana prison

Former Enron Corp. Chief Financial Officer Andrew Fastow will serve six years in a federal prison in Louisiana for plundering the company while concealing its feeble financial condition.

Fastow, 44, had asked to be assigned to a prison in Texas, but was assigned by the Bureau of Prisons to the Federal Detention Center in Oakdale, La.

Fastow, who cooperated with prosecutors in other Enron cases, had agreed to serve as long as 10 years. But in September U.S. District Judge Kenneth Hoyt sentenced him to six years, saying he had already paid a heavy price for his actions.