BBC News reports that Andrew Fastow, the former chief financial officer of failed energy giant Enron, has been indicted on 78 counts of wire fraud, money-laundering and conspiracy. If he is found guilty, he could be banged up for a very very long time and will be forced to pay million of dollars in fines.
Fastow, 40, stands accused of managing the web of complex partnerships which brought down the company. It is claimed that he became personally enriched by kickbacks from the partnerships.
The former CFO's lawyer came out fighting after the indictment and said: 'These charges are full of sound and fury but the truth about Enron has yet to be told.....When that truth is told, to a jury of 12 honest Americans, Andy Fastow will be set free'.
The ex-Enron man is currently out on a $5m bond.