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Wife of Enron CFO likely to serve less than a year

SHARE Wife of Enron CFO likely to serve less than a year

The wife of former Enron Corp. finance chief Andrew Fastow has a new proposed plea deal, and she won't spend more than a year in prison.

Federal prosecutors in Houston Thursday wiped out a previous indictment charging Lea Fastow with six felonies — four counts of filing false tax forms and two counts of conspiracy — and replaced it with a single misdemeanor charge of filing a false tax form.

Because the new charge is a misdemeanor, she cannot serve more than the maximum 12 months behind bars.

Lea Fastow is scheduled to plead guilty to the lesser count and be sentenced on May 6. Her husband agreed to serve the maximum 10-year prison sentence.