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Former El Paso gas traders guilty

In Brief / ENERGY

February 08, 2008|From Times Wire Services

Three former natural gas traders of El Paso Corp., based in Houston, were convicted of reporting false deals to manipulate gas prices from 2000 to 2002.

A U.S. federal court jury convicted James Brooks, Wesley Walton and James Patrick Phillips of sending publications Inside FERC and Natural Gas Intelligence false trade data to defraud the markets. Sentencing is scheduled for May 23.

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