Friday, February 04, 2005

New evidence: Enron was scamming years before energy crunch - Seattle Post-Intelligencer:

Seattle Post-Intelligencer: New evidence: Enron was scamming years before energy crunch:

"Disgraced energy giant Enron Corp. was running scams to drive up the cost of power years before the West Coast energy crunch, according to audio transcripts and documents unveiled Thursday by a small public utility district north of Seattle.
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References to 'Project Stanley' were discovered on former Enron Chief Executive Jeffrey Skilling's calendar on at least two dates, and recorded phone conversations between project leader John Lavorato and Portland, Ore.-based Enron trader Tim Belden show they knew it was illegal. Belden has since pleaded guilty to charges of involvement in fraudulent trading schemes.

Lavorato: 'I'm just, ah, (expletive), I'm just trying to be an honest camper so I only go to jail once.'

Belden: 'Well, there you go. At least in only one country (laughs).'

Lavorato: 'Yeah, (expletive), this isn't a joke. ... Nobody else seems to be concerned anymore.'"

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