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Federal Contractor Misconduct Database (FCMD)

The federal government routinely awards contracts to companies with histories of misconduct, including contract fraud and other violations. POGO believes that providing this website will help to improve contracting decisions and increase public knowledge of how the government spends billions of taxpayer dollars each year. Read more…

Conspiracy to Manipulate the Propane Market

“Dennis N. Abbott, a former trader at a U.S. subsidiary of British Petroleum… pleaded guilty to conspiring to manipulate and corner the propane market in the winter of 2004…Under the terms of a plea agreement, Abbott faces up to five years in prison, a fine of $250,000, and supervised release following any incarceration. Abbott has agreed to cooperate with law enforcement officials in an ongoing investigation…Abbott admitted in his plea agreement and an accompanying factual statement that from Feb. 5, 2004 through July 28, 2004, he and other employees of a British Petroleum subsidiary, BP Products North America (BP), agreed to manipulate the February 2004 propane market for TET propane.” See related BP Amoco P.L.C. misconduct instance, “Conspiring to Corner the Propane Market (CFTC v. BP Products North America).”

Misconduct Type
Antitrust
Enforcement Agency
Justice
Contracting Party
None
Court Type
Criminal
Disposition
Pleaded Guilty
Date of Guilty Plea
6/28/2006
Contractors Involved Penalty
Total
BP P.L.C. $250,000
Further Information Released
DOJ Press Release 8/31/2006

See also:

Federal Contractor Misconduct Database