Enron's traders used strategies with names like 'Death Star,' 'Get Shorty,' and 'Fat Boy' to manipulate California's electricity prices, contributing to the 2000-2001 energy crisis that caused rolling blackouts affecting millions. Three traders pleaded guilty. Meanwhile, Enron hid $100 billion in fraudulent revenue through accounting fraud, aided by Arthur Andersen, which shredded thousands of incriminating documents. Enron's collapse wiped out $60 billion in market value and destroyed 20,000 jobs.
Enron traders manipulated California's energy market using schemes called 'Death Star' and 'Get Shorty,' causing rolling blackouts
βEnron is deliberately manipulating California's electricity supply to create artificial shortages and price spikes, causing billions in damage to the state's economy.β
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Confirmed: They Were Right
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