Fastow: In His Own WordsAndrew Fastow, former Enron CFO and convicted fraudster, to share his account at the ACFE Global Fraud ConferenceGo inside the mind of a fraudster during the closing session of the 24th Annual ACFE Global Fraud Conference, June 23-28 in Las Vegas, Nev. Andrew Fastow, former Enron CFO, was one of the accounting masterminds behind a complex web of off-balance-sheet special purpose entities used to conceal years of massive losses. Enron, once the nation's seventh-largest company, declared bankruptcy in December 2001 after attempting to hide billions in debt and cover up failed ventures. The collapse wiped out thousands of jobs, more than $60 billion in market value and more than $2 billion in pension plans. Enron, along with companies like WorldCom and HealthSouth, set the stage for the need for reformed legislation like the Sarbanes-Oxley Act of 2002, legislation passed to encourage more outside oversight and strengthen corporate governance.Fastow pleaded guilty to two counts of conspiracy and served five years in prison before being released in December 2011. His address at the ACFE Global Fraud Conference will be his first major public speaking engagement since his release*. Fastow is one of the keynote speakers at this year’s ACFE Global Fraud Conference. Other speakers include Preet Bharara, U.S. Attorney for the Southern District of New York; Chris Mathers, former undercover agent for the Royal Canadian Mounted Police; and Stacy Keach, actor and narrator of “American Greed.”
Register for the Conference, and find the full list of speakers and sessions at FraudConference.com.Related ArticlesEnron Executive Talks Business EthicsThe Tulane Hullabaloo, April 2013Former Enron CEO Skilling May be Freed From Prison EarlierReuters, April 2013Andrew Fastow: The Mistakes I MadeBloomberg Businessweek, March 2012Why We Want to Get Inside the Mind of a FraudsterACFE Insights, November 2011Behind the Enron Collapse: Chronology of a CollapseTIME, January 2002
*The ACFE does not compensate convicted fraudsters.
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Allan Bachman, CFEACFE Education Manager