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In the first federal criminal charges brought against a corporation in connection with California's power crisis, a San Francisco grand jury on Thursday indicted Reliant Energy Services Inc. Local, state and federal investigators have alleged that several companies manipulated California's gas and electricity markets in order to swindle ratepayers out of millions of dollars. A statement by Northern District U.S. Attorney Kevin Ryan said, in part, �A market controlled by fraud is not a free market."
April 09, 2004 at 12:00 AM
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The original version of this story was published on Law.Com
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