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Article: Former El Paso Corp. Vice President Indicted on Charges of Bogus Trading Deals.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- December 5, 2002
CopyrightCOPYRIGHT 2002 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Houston Chronicle Knight Ridder/Tribune Business News
Dec. 5--A former El Paso Corp. vice president has been indicted on charges of reporting bogus energy trades in an attempt to manipulate a benchmark used to set natural gas prices.
The charges against Todd Geiger, unsealed Wednesday, are the first from energy industry investigations under way at the U.S. attorney's office in Houston.
They are also a signal that similar behavior by current and former traders at other companies is fair game for criminal charges.
At issue: Giving bad information to trade publications that compile price indexes widely used to set prices for the ...