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Ex-Trader at Enron in 'Preliminary' Plea Talks

September 12, 2003|From Bloomberg News

Former Enron Corp. trading manager John M. Forney, who prosecutors say was the architect of schemes to manipulate California power prices, is in "preliminary" plea negotiations with the United States.

Assistant U.S. Atty. Matt Jacobs told a federal judge Thursday in San Francisco that the government has "engaged in some preliminary conversations to resolve" the criminal case against Forney, who was charged with wire fraud and conspiracy in June.

Forney was the third energy trader who worked at Enron's power trading office in Portland, Ore., to be charged with crimes related to the energy crisis.

He worked at Enron from 1993 to 2002 before joining Columbus, Ohio-based American Electric Power Co. He returned to California this summer.

Robert Breakstone, Forney's attorney, referred questions about the talks to Jacobs.

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