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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…
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
|
