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Former Enron Assistant Treasurer convicted of tax fraud for helping husband Andrew Fastow hide millions in income from off-balance-sheet partnerships
Former Assistant Treasurer, Enron Corporation
Lea Weingarten Fastow served as an assistant treasurer at Enron Corporation, where she worked alongside her husband Andrew Fastow. The daughter of Miriam Hadar Weingarten, a former Miss Israel (1958), Lea met Andrew at Tufts University. Both earned MBAs from Northwestern University's Kellogg School of Management and briefly worked together at Continental Illinois National Bank in Chicago before joining Enron. Lea Fastow was initially indicted on six felony counts including conspiracy to commit wire fraud, money laundering conspiracy, and filing fraudulent tax returns. Prosecutors alleged she helped her husband conceal income generated through his management of the LJM partnerships, named after herself and their two sons (Lea, Jeffrey, Matthew). The original plea bargain called for five months imprisonment and five months home detention, but U.S. District Judge David Hittner rejected the deal as too lenient and imposed a full 12-month prison sentence. She entered the Federal Detention Center in Houston on July 12, 2004. Her conviction was part of the broader prosecution of Fastow family finances, Andrew had personally profited $45 million from partnerships designed to hide Enron's massive debt. Because both parents faced imprisonment, their two sons were temporarily cared for by family members. Lea's case illustrates how Enron's fraud extended beyond the executive suite into family finances and tax evasion.
Helped husband Andrew Fastow conceal income from LJM partnerships on family tax returns
Initially indicted on six felony counts; charges reduced to single misdemeanor tax charge via plea negotiation
Judge David Hittner rejected original plea deal of 5 months prison + 5 months home detention as too lenient; imposed 12 months
Both parents imprisoned simultaneously, requiring family members to care for their two sons
1 documented violations
convictedHusband and Enron CFO who designed the SPE fraud structure; pled guilty to 2 counts, sentenced to 6 years
Enron Chairman and CEO who approved board ethics waiver allowing Fastow to run LJM partnerships
Andrew Fastow's chief lieutenant at Enron who managed Chewco and other SPEs
3 documented sources from official records, investigations, and reports
1983
Met Andrew Fastow at Tufts University
1984
Married Andrew Fastow
1986
Earned MBA from Northwestern University Kellogg School of Management
1990
Joined Enron Corporation with husband Andrew
1999
Served as Enron Assistant Treasurer while husband ran LJM partnerships
2002-10
Initially indicted on six felony counts alongside husband
2004-01
Six felony counts dismissed in favor of single misdemeanor tax charge
2004-05-06
Pleaded guilty to misdemeanor tax fraud
2004-07-12
Entered Federal Detention Center in Houston to begin 12-month sentence
2005
Released from prison after serving sentence