Page 9 - Corruption Task Force News Today : Breaking News, Live Updates & Top Stories | Vimarsana

<p>The Commodity Futures Trading Commission&nbsp;today issued an order filing and settling charges against&nbsp;Glencore International A.G.&nbsp;of Switzerland, Glencore Ltd.&nbsp;of New York,&nbsp;and&nbsp;Chemoil Corporation&nbsp;of New York (collectively, Glencore), an energy and commodities trading firm, for&nbsp;manipulative and deceptive conduct. The conduct, which spanned from least 2007 to 2018, involved manipulation and foreign corruption in the U.S. and global oil markets, including manipulation or attempted manipulation of four U.S. based S&amp;P Global Platts physical oil benchmarks and related futures and swaps. Glencore is required&nbsp;to pay a total of $1.186 billion, which consists of the highest civil monetary penalty&nbsp;($865,630,784) and highest disgorgement amount ($320,715,066) in any CFTC case.&nbsp;</p>

New yorkUnited statesHong kongMichael cazakoffAllison passmanDoug snodgrassPatrick marquardtJacob mermelsteinRostin behnamGretchen loweBrigitte weylsManalm sultanJordon grimmValores mobiliNacional bancariaMatthew edelstein