Monday, October 21, 2002

A Massive Scandal About to Break?

David Lazarus reported in yesterday's SF Chronicle:

The betting in energy circles is that Enron's erstwhile big cheeses are in deep trouble now that the company's former top trader has pleaded guilty to manipulating the California power market.

But that may not be the half of it.

Sources close to the matter say Timothy Belden, who previously ran Enron's trading office in Portland, Ore., is prepared to implicate a number of other industry players in what could shape up to be one of the biggest conspiracies in U.S. corporate history...