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A federal grand jury in Houston, Texas indicts former Enron chief financial officer Andrew Fastow on 78 counts of wire fraud, money laundering, conspiracy and obstruction of justice related to the collapse of his ex-employer.
Related Wikipedia articles
Houston
Largest city in Texas, United States
Houston is the most populous city in the U.S. state of Texas and the Southern United States. It is the fourth-most populous city in the United States with a population of 2.3 million at the 2020 census, while the Greater Houston metropolitan area at 7.8 million residents is the…Source: Wikipedia (CC BY-SA)
Enron
Defunct American energy company
Enron Corporation was an American energy, commodities, and services company based in Houston, Texas. It was led by Kenneth Lay and developed in 1985 via a merger between Houston Natural Gas and InterNorth, both relatively small regional companies at the time of the merger.…Source: Wikipedia (CC BY-SA)
Andrew Fastow
American convicted felon and financier
Andrew Stuart Fastow is an American convicted felon and former financier who was the chief financial officer of Enron Corporation, an energy trading company based in Houston, Texas, until he was fired shortly before the company declared bankruptcy. Fastow was one of the key…Source: Wikipedia (CC BY-SA)
Mail and wire fraud
Federal crimes in the United States
Mail fraud and wire fraud are terms used in the United States to describe the use of a physical or electronic mail system to defraud another, and are U.S. federal crimes. Jurisdiction is claimed by the federal government if the illegal activity crosses interstate or…Source: Wikipedia (CC BY-SA)
Money laundering
Process of concealing the origin of money
Money laundering is the process of illegally concealing the origin of money obtained from illicit activities such as drug trafficking, sex work, terrorism, corruption, and embezzlement, and converting the funds into a seemingly legitimate source, usually through a front…Source: Wikipedia (CC BY-SA)
Criminal conspiracy
Agreement between two or more people to commit a crime at some time in the future
In criminal law, a conspiracy is an agreement between two or more people to commit a crime at some time in the future. Criminal law in some countries or for some conspiracies may require that at least one overt act be undertaken in furtherance of that agreement to constitute an…Source: Wikipedia (CC BY-SA)
Obstruction of justice in the United States
Crime consisting of obstructing prosecutors, investigators, or other officials
In United States jurisdictions, obstruction of justice refers to a number of offenses that involve unduly influencing, impeding, or otherwise interfering with the justice system, especially the legal and procedural tasks of prosecutors, investigators, or other government…Source: Wikipedia (CC BY-SA)