Former Enron executive pleads guilty
John Forney, a former Enron executive, yesterday pleaded guilty toone count of conspiracy to commit wire fraud for the purpose of manipulatingCalifornia's electricity market during the 2000-2001 Westernenergy crisis, the US Attorney's Office for the Northern District ofCalifornia said.
The US Justice Department said Forney, 42, was the inventor of Enron’s “Death Star” trading scheme designed to inflate power prices.
Former Enron chairman and founder Kenneth Lay last month pleaded not guilty to charges
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