LOS ANGELES (Sept 24, 2018) – Andy Fastow, the former Chief Financial Officer of Enron Corporation, the energy trading company based in Houston, will be the speaker at LA5 The Rotary Club of Los Angeles’ luncheon meeting at the California Club on Friday, October 12 from 11:30 to 1:30 PM. Mr. Fastow’s presentation will be followed by a short question/answer session and a reception.
Mr. Fastow, 56, will talk about a variety of things, including his thoughts on how following “rules” versus “principles” in the accounting profession can lead to multi-million dollar frauds like Enron, and the downfall of firms like Arthur Anderson. Mr. Fastow was released from prison in 2011 after serving six years for fraud, among other charges. His wife Lea also worked at Enron and also went to prison for a short sentence. The couple is still married.
Please join us to hear Mr. Fastow’s fascinating story and learn how it lead to massive changes in the investment and accounting professions. Tickets are available now at www.rotaryla5.org
Please note no cell phones or recording devices will be allowed at Mr. Fastow’s presentation. Media – for more information please contact John Lockhart at People Media, (213) 674-4346 x 224 or email firstname.lastname@example.org
More on Andy Fastow — Andrew S. Fastow — Biography
Despite today’s more regulated and enlightened business environment, we continue to witness “Enron-esque” failures of corporate governance and compliance. Enron’s former CFO will make observations about how the ambiguity and complexity of laws and regulations breeds opportunity for problematic decisions and will discuss what questions corporate directors, management, attorneys, fraud examiners and auditors should ask, in order to ensure that their companies not only follow the rules, but uphold the principles behind them. Finally, he will discuss ways in which technology can be
deployed to illuminate such problematic situations.
Mr. Fastow was the Chief Financial Officer of Enron Corp. from 1998 – 2001. In 2004, he pled guilty to two counts of securities fraud, and was sentenced to six years in federal prison. He completed his sentence in 2011, and now lives with his family in Houston, Texas.
Mr. Fastow currently consults with Directors, attorneys, and hedge funds on how best to identify potentially critical finance, accounting, compensation, and cultural issues. He is also a Principal of KeenCorp, an artificial intelligence software company.
Mr. Fastow received a BA in Economics and Chinese from Tufts University and an MBA in Finance from the Kellogg Graduate School of Management at Northwestern University. Prior to joining Enron, he was a Senior Director in the Asset Securitization Group at Continental Bank N.A.
Since his release from prison, Mr. Fastow has been a guest lecturer at universities and corporations, and at conferences for management, corporate directors, attorneys, accountants, and certified fraud examiners. Mr. Fastow was recently keynote speaker at the United Nations’ Principles of Responsible Management Conference, the FBI’s
Advanced Financial Crimes Seminar, the Association of Certified Fraud Examiners Annual Conference, the American Accounting Association Annual Conference, and the Financial Times’ Outstanding Directors Conference.