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Enserco Trader Pleads Guilty to Wire Fraud in False Price Reporting Case

A trader for Golden, CO-based Enserco Energy has pleaded guilty to one count of wire fraud in connection with the reporting of false natural gas price and volume information to manipulate a price index published by Platts' Gas Daily. ....

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Coral Pays $30M Fine to Settle CFTC Charges of Attempted Gas Market Manipulation

Coral Energy Resources, a Shell subsidiary, on Thursday became what may be one of the last of many energy trading companies to have settled charges from the Commodity Futures Trading Commission (CFTC) of false price reporting and attempted manipulation of the natural gas market. Coral paid a $30 million civil penalty in the settlement but neither admitted nor denied the charges. ....

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