Enron’s Fastow to serve 6-years in La. prison

? 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.

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.

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.