posted on Jun, 4 2003 @ 03:24 PM
"LOS ANGELES -- The man who devised Enron's infamous "Forney's Perpetual Loop" in the 1990s was arrested Tuesday by federal agents on charges he
used sophisticated, but illegal, trading techniques to manipulate the power markets during California's power crisis.
John Forney, 41, is the third former Enron Corp. executive who worked at the company's office in Portland, Ore., to be charged with crimes related to
California's energy crisis. "