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To: gleeaikin; khnyny; ladyjane
Here's Fastow's Fed ID if you wanna follow his progress through the system:

1. ANDREW STUART FASTOW 14343-179 44 White M

Fastow gave up ~$30 million in cash and property as part of his plea agreement (and don't labor under the mistaken idea that the Feds weren't aware of property transfers, which can be unwound).

He'll have to do at least 5 years, and there's a good chance that the Feds will appeal his sentence to try to get it back to the previously-agreed-upon 10 years. Hey, ya pays yer money and ya takes yer chances - Fastow's testimony nailed Lay & Skilling (who gives up ~$45 million). The big kahunas chose a trial, and lost, not unusual that they were facing more time.

'..didn't pay their grocery bills..'- lol, the Weingartens sold their grocery chain what?, 26-30 years ago? Some family members do run a REIT (Weingarten Realty Trust), a very successful one by their record over the last >20 years.

42 posted on 10/24/2006 8:00:07 AM PDT by Ready4Freddy ("Everyone knows there's a difference between Muslims and terrorists. No one knows what it is, tho...)
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To: Ready4Freddy

Actually the Weingarten's scandal was for a bit more than people not paying their grocery bills. Apparently they had (have?)some politicians in their pocket and there was some illegal money changing hands going to lobbyists and political campaigns. And yes, they also were illegally getting LEO's to go after people who didn't pay their grocery bills.

No wonder Leah Weingarten (she apparently never took Fastow's name) was comfortable with the schemes and the sham companies. Even though she was an Enron treasurer and had an MBA in finance she claimed she didn't know about the schemes or sham companies - even the ones that were named after her.

But let's all celebrate some other guy's 26 year sentence.


47 posted on 10/24/2006 10:45:35 AM PDT by ladyjane
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