Menu

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…

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

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.

Misconduct Type
Antitrust
Enforcement Agency
CFTC
Contracting Party
None
Court Type
Administrative
Disposition
Settlement
Date of Settlement
10/25/2007
Contractors Involved Penalty
Total
BP P.L.C. $400,000
Further Information Released
CFTC Order 10/30/2007
CFTC Press Release 10/30/2007

Federal Contractor Misconduct Database