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Report: U.S. Seeks to Freeze Fastow Assets
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Friday, Aug. 23, 2002
HOUSTON -- Federal prosecutors investigating the collapse of energy giant Enron Corp. moved quickly to try to freeze bank accounts of former Chief Financial Officer Andrew Fastow, and members of his family, according to a published report Friday.

The Wall Street Journal reported prosecutors with the Justice Department's Enron task force meet with a federal judge in Houston on Thursday, but it wasn't clear whether a judge had approved the freezing of the accounts.

Prosecutors have sought to size about $23.6 million from Fastow, his family and former employees as part of their investigation into Enron.

The motion was part of criminal information filed in connection with a plea agreement with Michael J. Kooper, a former Enron managing director who pleaded guilty Wednesday to conspiracy to commit wire fraud and money laundering.

The move to freeze assets Thursday came in part because one individual tried to move several million dollars from one account to another as part of an unrelated civil case, the newspaper said.

The newspaper also identified the person as a member of the family of Peter Fastow, the brother of Andrew Fastow. Prosecutors are seeking to seize $500,000 from an account belonging to Peter Fastow.

Peter Fastow couldn't be reached to comment. A spokesman for Andrew Fastow declined to comment.

Copyright 2002 by United Press International.

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