Andrew Fastow, the former CFO of the bankrupt energy-trading firm Enron, admitted to the wrongs he committed, but also blamed the accountants at the defunct firm Arthur Andersen, in a speech at the Association of Certified Fraud Examiners’ Global Fraud Conference.
Fastow discussed the risk-prone culture at Enron that he admitted to influencing, how the accountants and lawyers gave their approval to the transactions and deals that they helped structure, and how he finally realized what he had done wrong when he had to explain it to his son during a visit to his prison.
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