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About POGO's Federal Contractor Misconduct Database (FCMD)

The government awards contracts to companies with histories of misconduct such as contract fraud and environmental, ethics, and labor violations. In the absence of a centralized federal database listing instances of misconduct, the Project On Government Oversight (POGO) is providing such data. We believe that it will lead to improved contracting decisions and public access to information about how the government spends hundreds of billions of taxpayer money each year on goods and services. Report an instance of misconduct »

BP P.L.C.

CFTC v. Kelly (Attempted Manipulation of the NYMEX Unleaded Gasoline Futures Contract)

Date: 10/25/2007 (Date of Settlement)

Misconduct Type: Antitrust

Enforcement Agency: CFTC

Contracting Party: None

Court Type: Administrative

Amount: $400,000

Disposition: Settlement

Synopsis: Paul K. Kelly, a former gasoline trader for BP Products North America, Inc., paid a $400,000 civil penalty to settle charges of violating the Commodity Exchange Act. The U.S. Commodity Futures Trading Commission (CFTC) charged him with manipulating the price spread between the November and December 2002 unleaded gasoline futures contracts traded on the New York Mercantile Exchange (NYMEX) on October 31, 2002.