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Guilty verdict in the latest natural gas trader case
We in Houston have become so jaded by dubious prosecutions of businesspeople that the guilty verdict in the latest natural gas trader case passed almost unnoticed late last week. The Department of Justice's press release on the verdict is here,...
Jury hung already in the natural gas trader case?
Shortly after getting the case, the jury in the criminal trial of former Dynegy and El Paso natural gas traders Michelle Valencia and Greg Singleton (previous posts here) sent U.S. District Judge Nancy Atlas a series of questions that --...
Key natural gas trader case goes to the jury
In a surprising development, the defense in the trial of former Dynegy trader Michelle Valencia and former El Paso trader Greg Singleton (previous posts here) on conspiracy and fraud charges relating to their submission of false gas trading data to...
Key trader case is teed up
This Tom Fowler/Houston Chronicle article reports on the trial that begins Monday in U.S. District Judge Nancy Atlas' federal court in which former Dynegy trader Michelle Valencia and former El Paso trader Greg Singleton (previous posts here) face charges of...
More guilty pleas in gas trading-price reporting cases
Three former natural gas traders pleaded guilty yesterday in San Francisco to conspiracy to manipulate the price of natural gas in interstate commerce in connection with criminal cases that are the same as federal prosecutors have pursued in Houston against...
Gas trader attempts to withdraw plea deal
Former Reliant Energy gas trader Jerry Futch -- who was arrested and charged under particularly heavy-handed circumstances -- has filed a motion to withdraw his prior plea deal with the Justice Department and a motion to dismiss his indictment on...
Prosecution increases the stakes in another trader case
The Justice Department announced Thursday that it has filed a superseding indictment alleging additional counts of wire fraud and reporting fake trades against former El Paso Corp. trader Donald Burwell. The superseding indictment is the latest development in a series...
More on the gas trader cases
This Southern District U.S. Attorney Office press release announces that two former gas traders -- former Dynegy trader Michelle Valencia and former El Paso trader Greg Singleton -- had counts added to their pending indictments in connection with a series...
Fifth Circuit upholds vague Commodity Exchange Act reporting law
The Fifth Circuit Court of Appeals in New Orleans issued this decision on Friday in the case of former Dynegy trader Michelle Valencia that upholds a controversial law that the Justice Department has used to charge a group of Houston...
More gas trader indictments
U.S. prosecutors charged five former natural gas traders for allegedly supplying fake trade data to publishers that produce indexes used to value natural gas contracts. This post and this post refer to earlier indictments of the same nature against other...
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