- The Washington Times - Sunday, May 18, 2003

HOUSTON (AP) — Andrew Fastow, the former chief financial officer accused of fueling Enron Corp.’s downfall, will be back before a federal judge today regarding new charges released against him earlier this month.

Mr. Fastow, 41, was indicted in October on 78 counts of fraud, money laundering, conspiracy and obstruction of justice. He is expected to be arraigned today on new charges of insider trading, filing false tax forms and conspiracy to falsify books and records in an expanded indictment revealed May 1.

Mr. Fastow, who pleaded not guilty to the first round of charges last year, was allowed to postpone his arraignment on the new charges because a status hearing in his case already had been slated for today.

Mr. Fastow remains the highest-level executive to face criminal charges in a Justice Department investigation into Enron’s 2001 collapse. He is free on $5 million bond.

His former top lieutenant, Michael Kopper, pleaded guilty in August to running and helping create schemes that funneled kickbacks to Mr. Fastow and his wife, Lea, and others while undercutting Enron’s purported financial health.

The expanded indictment added two defendants in Mr. Fastow’s case.

Ben Glisan Jr., Enron’s former treasurer, earned $1 million on a $5,800 investment in one of Mr. Fastow’s partnerships. Dan Boyle, a former Enron finance executive, reputedly was involved in a 1999 sham deal to sell Nigerian barges so the company could appear to reach earnings targets. Both pleaded not guilty.

A separate indictment also unsealed May 1 charged Mrs. Fastow with conspiracy to commit wire fraud, money-laundering conspiracy and filing false tax returns. She also pleaded not guilty. Gordon Andrew, a spokesman for the Fastow family, declined comment.

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