Former Enron Traders Get Probation

Law360, New York (February 15, 2007, 12:00 AM EST) -- Two former Enron Corp. energy traders who became key witnesses for the prosecution in the criminal case against Enron’s top executives were sentenced to probation for their roles in a scheme to manipulate energy prices.

Timothy Belden and Jeffrey Richter, who both worked in Enron’s Portland office, each received two years of probation. Both former traders had pled guilty to conspiring to drive up energy prices during the California energy crisis.

Both Belden and Richter reached plea agreements with federal prosecutors and provided important evidence used...
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