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Enron traders joked about theft Original Source Link: (May no longer be active)    http://www.thestar.com/NASApp/cs/ContentServer?pagename=thestar/Layout/Article_Type1&c=Article&cid=1086214211669&call_pageid=968350072197&col=969048863851 http://www.thestar.com/NASApp/cs/ContentServer?pagename=thestar/Layout/Article_Type1&c=Article&cid=1086214211669&call_pageid=968350072197&col=969048863851 http://www.dailyherald.com/business/business_story.asp?intid=38141130 Jun. 3, 2004. 01:00 AM Enron traders joked about theft Transcripts of phone calls filed Admit affecting power market KRISTEN HAYS ASSOCIATED PRESS HOUSTON—Enron Corp. traders openly discussed manipulating the California power market and joked about stealing from grandmothers during the Western energy crisis in 2000-2001, according to transcripts of telephone calls filed with the U.S. Federal Energy Regulatory Commission. The transcripts, some littered with profanity, were filed by a public-utility district near Seattle. The calls are central to the U.S. justice department's probe of Enron's trading practices. John Forney, a former top trader in Enron's defunct Western trading operation based in Portland, Ore., is slated to stand trial on charges of wire fraud and conspiracy. Two other former traders, Timothy Belden and Jeffrey Richter, have pleaded guilty to wire fraud and are helping prosecutors. Energy merchants regularly tape trader conversations to keep a record of transactions. According to the Snohomish County Public Utility District, which obtained audiotapes of trader conversations from the justice department and transcribed them, traders discussed creating congestion on transmission lines, taking generating units off line to pump up electricity prices and manipulation of the California power market. In one transcript a trader asks about "all the money you guys stole from those poor grandmothers of California." The Enron trader responds, "Yeah, Grandma Millie, man. But she's the one who couldn't figure out how to (expletive) vote on the butterfly ballot." Conversations that involve Forney, Belden and Richter appear throughout the transcripts. In one, a trader says to Richter, "So, uh, somebody's figured out how to set congestion?" Richter: "Well, we ... we can set it if we want. I mean, it's not a hard game to do ..." Eric Christensen, a lawyer for the utility district, said Enron should be ordered to surrender as much as $2 billion (U.S.) in unjust profits. associated press

Anderson convicted { June 15 2002 } Bankers charged in enrol scandal { September 18 2003 } Banks enron deals Banks hide loans { July 24 2002 } Bush signs bill to keep california power flowing Chase financied enron borrowed gold Cheney energy { January 27 2002 } Citigroup enron Citigroup skirt rules { July 23 2002 } Clinton ties Enron accounting chief pleads not guilty { January 22 2004 } Enron auditor crime { May 14 2002 } Enron baxter dead { January 26 2002 } Enron california prices { May 7 2002 } Enron california wp { May 7 2002 } Enron ceo ken lay to face criminal charges { July 7 2004 } Enron citi Enron employees discussing state of economy { June 8 2004 } Enron employees joke about stealing from grandma { June 2 2004 } Enron employees praise bush and ken lay { June 1 2004 } Enron fake floor { February 22 2002 } Enron frank wisner cia { October 28 1997 } Enron funds restitution impossible after lays death { October 18 2006 } Enron gouged customers over billion dollars Enron lies Enron linked securities sparked citibank lawsuit Enron must pat california one and half billion { July 16 2005 } Enron policy Enron southamerc { May 6 2002 } Enron taxes Enron timeline { July 8 2004 } Enron traders gloated over rigging market Enron traders joked about theft Enron witness says he plundered reserves Enrons skilling ex ceo surrenders to fbi Ex enron execs arrested { May 2 2003 } Execs arrested { August 1 2002 } Fastow 78 counts Fastow and wife plea bargain Fastow charged { October 3 2002 } First criminal trial involving enron executives Former enron official changes plea to guilty Goa whitehouse Investigate bankers { June 26 2002 } Judge approves lea fastow enron plea deal { January 8 2004 } Ken lay hooks bush with uzbekistan [jpg] Ken lay likely to walk { July 9 2004 } Ken lay major 2000 bush fundraiser { June 26 2004 } Ken lay suddenly dies of heart attack { July 5 2006 } Ken lay victim of wave of terror by prosecutors Kennedy lay and skilling going to trial Kennedy lay surrenders to FBI Lawsuit cheney Lay and skilling convicted securities fraud Lay gone Lay no direct wrongdoings { November 25 2003 } Lieberman enron Merrill reaches deal with enron affair { September 18 2003 } No indication that ken lay suffered bad health { July 5 2006 } Plead guilty { August 21 2002 } Prosecutors seek ken lay indictment { June 20 2004 } Sec wants documents from ken lay { September 29 2003 } Senate deadlline enron Senator tax report disturbing { February 12 2003 } Skilling accusing people being fbi agents Whitehouse enron { May 23 2002 } Whitehouse papers enron Whitehouse subpoenaed { May 22 2002 } Witness says execs heavily involved in enron Files Listed: 69

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