Enron's Fastow Assigned to La. Prison

[Omaha Steve]

http://apnews.excite.com/article/20061110/D8LADSMO0.html

Enron's Fastow Assigned to La. Prison
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Nov 10, 3:17 PM (ET)

By JUAN A. LOZANO

HOUSTON (AP) - Former Enron Corp. financial whiz Andrew Fastow will serve six years in a federal prison in Louisiana for plundering the company while concealing its feeble financial condition from investors.

Fastow, 44, had asked that he be assigned to a federal prison in Bastrop, Texas, about 30 miles southeast of Austin. U.S. District Judge Kenneth Hoyt made that recommendation when he sentenced Fastow in September.

But the U.S. Bureau of Prisons, which makes the final decision on where inmates are sent, assigned Fastow to the Federal Detention Center in Oakdale, La., about 200 miles northeast of Houston.


In this Sept. 26, 2006, file photo, former Enron executive Andrew Fastow, left, leaves the federal courthouse in Houston in chains after being sentenced. Fastow will serve six years in a federal prison in Louisiana for plundering the company while concealing its feeble financial condition from investors. (AP Photo/Pat Sullivan)

The detention center is part of a prison complex that includes a low security correctional institution and a satellite prison camp that houses minimum security male inmates. The entire prison complex has about 2,400 inmates.

FULL stroy at link above.

[pissedoffprogressive]

1. I swear every day is feeling like Christmas around here

:bounce: :bounce: :bounce: :bounce: :bounce: :bounce: :bounce: :bounce: :bounce: :bounce: :bounce: :bounce: :bounce:

[DebbieCDC]

2. To bad it isn't the Louisiana STATE prison at Angola

The place the call "The Farm" -- saw a documentary on I believe the Sundance Channel about this place. Whew, talk about hell on earth. Too bad that Fastow will get club Fed instead of real hard time.

[NOLADEM]

3. It'll be hard enough...Oakdale holds horrid criminals from the Mariel boat lift

They rioted a few years ago, part of the nationwide riots by Cubans frustrated by their detention.

ALL Louisiana prisons are deadly hell holes, if for nothing else than the chronic underfunding and shitty staff.

HA HA.

[lyonn]

4. Oh it probably isn't that bad, I'll bet they get fresh fruit every

day with chicken and a copy of the Koran (sp), plenty of sunshine!!!

[NOLADEM]

5. That made me smile

[praeclarus]

6. 6 years is not enough....

... In fact, it is laughable especially since he will be out
in 4.

This guy, like the rest of them, is an arch-criminal.

And I hope to hell they found and took all of his ill-gotten
gains or will he emerge from jail a multi-millionaire? Anybody
know?

[Karmageddon]

7. They let the sonofabitch off WAY too easy

"Fastow, the ex-chief financial officer who cooperated with prosecutors in other cases related to Enron's 2001 implosion, had agreed to serve a maximum 10-year term when he pleaded guilty in 2004.

But Hoyt instead sentenced him to six years, saying Fastow had already paid a heavy price for his actions."

SAY WHAT?! That sonofabitch robbed thousands of people of their retirement money - their life savings. He should have to pay every single one of them back, in full, for his actions before he gets out of prison. If he can't afford to repay that debt, well then, it's a life sentence, isn't it. Cry me a fucking river.

Burglarize one person's house and steal a few hundred bucks and you'll get you more than 6 years. Robbing 1000's of people and taking 10's of millions is obviously the way to go.

[MasonJar]

8. Or how about putting him in New Orleans; they have reopened

that flooded facility.

[davekriss]

9. 6 years for defrauding investors of millions of dollars?

How many of these 6 years will he serve? Heck, people have been imprisoned for twice that for selling a few ounces of marijuanna!