HOUSTON (AP) -- Andrew S. Fastow, accused of being the chief architect of complex financial schemes credited with fueling Enron Corp.'s swift collapse last year, has been indicted on 78 counts of fraud, money laundering, conspiracy and other charges.
The indictment from a grand jury in Houston alleges Fastow was at the center of multiple schemes that produced phantom profits and let him skim off millions of dollars for himself, his family and friends. If convicted, he could be sentenced to hundreds of years in jail and millions of dollars in fines.
Neither Fastow, the highest-ranking former Enron official charged so far in the Justice Department's probe, nor his lawyers were present when the indictment was presented Thursday in federal court.
The indictment mirrored a criminal complaint filed Oct. 2, except for a new charge of obstruction of justice. Fastow, 40, is free on $5 million bond.
Prosecutors are expected to pressure Fastow to learn what he might say about the actions of his colleagues, including former Enron chairman Kenneth Lay and former chief executive Jeffrey Skilling. Neither has been charged.
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