El Paso Corp. former Vice President Indicted on charges of false Trading tenders
A former El Paso Corp. Vice President was indicted under charges of false reports of energy in an attempt to manipulate Trades, a benchmark used for natural gas prices.The indictment against Todd Geiger, former Wednesday, the first of the energy industry an ongoing investigation States Attorney General in Houston.
They are also a sign that the behaviour of similar current and former dealers to other companies is fair game for the accused.
At issue: Giving the wrong information to magazines that compile price indices widely used for pricing for the purchase and sale of natural gas.
“We are pursuing people who knowingly disseminate false information in the public market,” said the USA Attorney General Michael Shelby. “You can not be a free market, on the basis of false information” .
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