Prison

Former Dynegy Execs Plead Guilty in Project Alpha Case

Two former Dynegy Inc. executives face up to five years in prison and $250,000 in fines after they pleaded guilty on Tuesday to one count of conspiracy to commit securities fraud for their part in Project Alpha, a scheme that disguised a $300 million loan as a natural gas trade. The former executives, who agreed to cooperate with prosecutors, will be sentenced in October.

August 6, 2003
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