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HOUSTON, Texas — A 56-year-old Needville man has been ordered to federal prison for his role in an illegal kickback scheme and a commodities insider trading scheme involving natural gas
District court judge finds that FERC may not pursue joint and several liability and disgorgement in Coaltrain case.
<p><span>A federal grand jury in Houston returned an indictment on Dec. 7 charging a natural gas trader for an insider trading scheme involving natural gas futures.</span></p>
by Bloomberg |Friday, February 05, 2021 Shell Energy North America assisted the Justice Department and the Commodity Futures Trading Commission with their investigations. (Bloomberg) --A former Royal Dutch Shell Plc natural gas trader in Houston pleaded guilty to a criminal charge related to his role in an illegal scheme in which he sought to profit by using non-public information obtained from the company. From roughly 2013 to 2018, Marcus Schultz disclosed the information to other traders and brokers in a conspiracy to profit from fraudulent gas futures trades, the Justice Department sai...
A former natural gas trader pled guilty Monday to conspiring to commit commodities fraud and wire fraud in an insider trading scheme, marking the federal government's latest enforcement effort against insider trading in the derivatives market.