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    A milestone in the Enron story

    Andrew Fastow returns to Houston to complete prison sentence in halfway house

    shelby hodge
    May 17, 2011 | 9:42 pm
    Andrew Fastow, before his sentencing in 2006

    A new chapter in the Enron saga began in Houston on Monday when Andrew Fastow, one of the key figures in the flawed financial partnerships that brought the energy company down in 2001, returned to Houston to complete his federal incarceration in a halfway house.

    A reliable source has told CultureMap that the former Enron chief financial officer arrived in the city via "private transport" within the past 24 hours from the Federal Correctional Complex in Pollock, La. The main prison's satellite camp, where Fastow was held, houses minimum security male offenders.

    He has taken residence in a halfway house where he will finish the remainder of five years and three months of a six-year sentence that was originally 10 years, the maximum penalty for his admission to two conspiracy charges. The reduced sentence was part of a plea bargain that Fastow made in 2004 in which he agreed to testify in the trial against Enron top executives Jeff Skilling and Ken Lay.

    Fastow was taken into custody in September 2006 for six years of imprisonment and two additional years at home under court supervision. That sentence was reduced to five years and three months, due to "good time" according to the source, which means that he will be able to leave the halfway house by the end of the year.

    The source said that while no occupational assignment has yet been made for Fastow, he is subject to the requirements of all individuals in this situation.

    Fastow's sentencing and early release stands in sharp contrast to that of Jeff Skilling, former Enron president who was convicted of multiple felony charges relating to Enron's financial collapse, who is currently serving a 24-year, four-month sentence.

    Lay, who was convicted of multiple counts of fraud and conspiracy, died in 2006 of heart disease before he was sentenced.

    Fastow will not be the first high-profile federal prisoner to complete his sentence in a Houston halfway house. When oilman Oscar Wyatt, who pled guilty to sending money to Iraq in the Food for Oil program, was released from federal prison in Beaumont in 2008, he spent 45 days in a downtown Houston halfway house and was assigned to work in a local law firm. At the time, his attorney said that Wyatt was allowed an increasing number of freedoms as his release date approached. One can expect the same for Fastow.

    Once released from federal custody Fastow will rejoin his wife, art consultant Lea Weingarten Fastow, and their two sons. Lea Fastow served a one-year sentence ending in July 2005 for failure to report Enron-related financial gains on federal income tax returns. She also resided in a Houston halfway house before returning to her family.

    At the time of the convictions, the Fastows relinquished close to $30 million in cash and property.

    Fastow's attorney, David Gerger, could not be immediately reached for comment Tuesday night.

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    preserving houston's history

    Last minute donations save historic Houston theater from demolition

    Craig D. Lindsey
    Sep 1, 2026 | 12:45 pm
    Garden Oaks theater renovation rendering
    Courtesy of Arthouse Houston
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    Arthouse Houston is closer than ever to bringing another historic movie palace back to life.

    After five months of fundraising, the community arts nonprofit is moving to close on the purchase of the Garden Oaks Theater. Ride-or-die donors have aided in Arthouse’s mission to remodel, restore, and revitalize the $7.1 million property, which will be home to a new community arts and film center with year-round film programming, live performances, film production, and educational resources.


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    “In partnership with other Houston arts organizations, we will establish the historic cinema as a new arts & film center that can support and help to grow film as an art form and industry in Texas and beyond,” says Arthouse director Maureen McNamara.

    Arthouse is around $400,000 short of a targeted $3.1 million goal to cover the down payment and carrying costs. Immediately after closing (which will be just after Labor Day), the next step begins: a capital campaign to fund the restoration, with a planned grand opening in 2028.

    Arthouse has worked diligently to round up support for this endeavor, even collaborating with two of the city’s most acclaimed, Oscar-nominated filmmakers. Last month, Wes Anderson came back to H-Town for the Wes Anderson Homecoming Soirée, a fundraiser that drew nearly 500 supporters and raised approximately $300,000 towards this campaign.

    “We’re almost there!” Anderson said. “The screen is just about to light up, and we can already taste the popcorn. The success of this little rescue belongs to every single person in Houston. It’s going to pay fantastic dividends for years to come — in ways no one can yet predict.”

    “We’re so close now we can almost taste it,” says Arthouse board member (and Dazed and Confused director) Richard Linklater. “What’s especially moving is the way Houston — and people far beyond Houston — have come together to make this possible: more than 800 individual donors from over 220 ZIP codes, giving everything from $5 a month to extraordinary major gifts.

    “The arts are part of what makes a city matter,” he continues, “and Houston has an opportunity here to create a world-class home for film and artistic life that reflects the extraordinary energy of the city. We’ve come incredibly far. Now we need to get across the finish line, close on the theater, and begin the real work of creating something that honors its past while building an exciting new future for film and the arts in Houston.”

    While other historic movie buildings have been repurposed as grocery stores, music venues, and other event spaces, the Garden Oaks will be one of only two remaining historic cinemas (the River Oaks Theatre is the other) in Houston that still operate as movie houses.

    "We are thrilled that so many people in Houston heard the call for help and responded with gifts large and small,” says founding donor Phoebe Tudor. “With the help of so many history and film lovers, we will be able to move forward with purchasing the beautiful historic Garden Oaks Theater and saving it from the wrecking ball. Now that the theater is saved, we can embark on a proper capital campaign for the renovation. Thank you, thank you! I knew we could do it!”

    For more information about the project, please visit arthousehtx.org. Private tours of the property are available for interested donors emailing info@arthousehtx.org.

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