Enron fraudster to speak at investment forum in Carmel

If the name Andy Fastow rings a bell, it’s probably because of his former role as CFO of Enron Corp., the Houston-based company that collapsed under the weight of fraud in 2002.

Fastow pleaded guilty to two counts of conspiracy in relation to the Enron case, and in 2006 he was sentenced to six years in prison.

andy fastowAndy Fastow

Next month, Fastow will visit Carmel to speak at the CFA (Chartered Financial Analyst) Society Indianapolis’ annual investment forum. The event, which includes five speakers in all, takes place March 8 at the Ritz Charles, 12156 N. Meridian St.

“We’re excited that Andy can join us—not to condone any type of behavior, but simply to hear the story and his perspective and what he learned from it and what we can all learn from it,” said Dan Sailer, the group’s programming chairman and a manager at the accounting firm Katz Sapper & Miller. 

The Chartered Financial Analyst credential is considered the “gold standard” within the investment management profession, Sailer said, and the organization promotes “an extremely strong ethics foundation” among its members.

Sailer said other CFA Society chapters recommended Fastow as a powerful speaker, and the Indianapolis chapter was able to book him for next month, piggybacking on other events Fastow has in Louisville and Cincinnati. 

Sailer declined to say whether the CFA Society Indianapolis is paying Fastow for his appearance. Often, he said, the organization is able to secure speakers without paying a speaker’s fee. 

“Sometimes we do (pay), and most of the time we don’t,” Sailer said.

One condition that Fastow did insist upon, Sailer said, is that there be no live recording or media coverage of his presentation.

It’s too soon to say whether Fastow’s presence will increase attendance at this year’s event, Sailer said. He said the big draw on the program will likely be one of the other speakers: Howard Marks, the co-founder and co-chairman of Los Angeles-based investment firm Oaktree Capital Management LP.

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