44 coaches online • Server time: 16:40
Head of Trading
Belden worked hard at uncovering regulatory loopholes and was the brains behind many of the trading strategies that resulted in the California electricity crisis.
Belden pleaded guilty to one count of conspiracy to commit wire fraud as part of plea bargain and has been very helpful to authorities in convictions of many top executives.
Belden was sentenced on February 14, 2007, to two years of court-supervised release and must forfeit $2.1 million.
Federal prosecutors recommended probation because Beldon cooperated in the case, assisting with the prosecution of senior Enron executives.