The man tipped as one of the architects of the electricity trading scams Enron Corporation was co...
John M Forney was charged with a single count each of wire fraud and conspiracy.
One strategy was to send power in the opposite direction of an electron traffic jam, and thus receiving Government bonuses. However, Enron looped the power back to itself, and with state officials being none the wiser, neglected to send the electricity out at all.
Forney was arrested in his office in Ohio and later released on a US$40,000 bond. He is the third Enron trader arrested by the Justice Department.
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