Someone might be manipulating oil prices

Edit Business Insider 06 Jun 2015
A puppeteer of the Centre de Musique Baroque de Versailles of France manipulates a puppet during a rehearsal for Charles-Simon Favart's parody of Jean Philippe Rameau's opera "Hippolyte et Aricie" during the Valletta International Baroque Festival 2014 at the Manoel Theatre in Valletta ... , Arcadia Petroleum Ltd, and its Parnon Energy unit have settled a $16.5 million civil suit filed against them for manipulating futures prices ... Life ... ....

$16.5 Million Settlement Reached in Crude Oil Commodities and Antitrust Litigation Dallas law firm Burns Charest represents plaintiffs in years-long class action case

Edit PR Newswire 04 Jun 2015
NEW YORK, June 4, 2015 /PRNewswire/ -- Two London-based companies and certain employees involved in trading West Texas Intermediate crude oil (WTI) and oil futures have agreed to pay $16.5 million to settle a lawsuit accusing the defendants of artificially manipulating the price of oil in order to reap huge profits. Parnon Energy Inc., Arcadia Petroleum Ltd ... "This was an extremely hard fought case ... 11-cv-3600, in the U.S ...   ... ....

Price Manipulation In The Oil Markets?

Edit Oil Price 04 Jun 2015
According to Reuters, Arcadia Petroleum Ltd, and its Parnon Energy unit have settled a $16.5 million civil suit filed against them for manipulating futures prices. This comes after a prior settlement with the US Commodities Futures Trading Commission whereby both entities were banned for trading futures for three years ... The parties involved took huge long positions to drive up prices, then dumped them for a big profit....

Neota Logic Expands Executive Management Team

Edit Seattle Post 05 May 2015
Leading expert system software platform appoints President. New York, NY (PRWEB) May 04, 2015 ... “We are delighted to have Matt aboard as Neota Logic grows,” said co-founder Michael Mills ... On the Neota Logic management team, Gillis joins Neota Logic co-founders Mills, John Lord and Fred Parnon and chief executive officer Elizabeth Braham ... About Neota Logic Inc ... For the original version on PRWeb visit....

Change in substantial holding (Timpetra Resources Limited)

Edit noodls 21 Oct 2014
Details must be included of any henefìt paid on bahalf of tha substantialholder or its associeta in relation to the acquisitions, even lt tney ara not pald diractly to the parnon from whom the relevant lntera.st was acquired ... relation to the acquisitions, even lt tney ara not pald diractly to the parnon from whom the relevant lntera.st was acquired....

Trader Arcadia unbowed by CFTC oil-rigging deal

Edit Reuters 06 Aug 2014
Commodities Futures Trading Commission (CFTC) to disrupt its new strategy focused mainly on trading U.S.-based crude, Paul Adams, chief executive of the U.S.-based Parnon arm, told Reuters ... And Parnon still has years to run on oil storage tank leases in Cushing, Oklahoma, the focal point for the CFTC's inquiry ... Arcadia, Parnon and the two traders did not admit or deny wrongdoing in the settlement....

UPDATE 2-Arcadia, traders settle U.S. CFTC oil-rigging suit for $13 mln

Edit Reuters 05 Aug 2014
(Adds lawyer's comments in paragraphs 8-9, comment from the CEO of Parnon Holdings in paragraphs 10-11) ... Parnon unit and oil traders James Dyer and Nick Wildgoose had made some $50 million by squeezing the oil market, losing money on physical trades in order to reap bigger profits on futures ... Paul Adams, CEO of Parnon Holdings Inc., said in an email.....

Arcadia, traders settle U.S. CFTC oil-rigging suit for $13 million

Edit Reuters 05 Aug 2014
Parnon unit and oil traders James Dyer and Nick Wildgoose had made some $50 million by squeezing the oil market, losing money on physical trades in order to reap bigger profits on futures ... Paul Adams, CEO of Parnon Holdings Inc., said in an email. ... With the exception of the email from the CEO of Parnon Holdings, other emails seeking comment after business hours were not immediately answered....

UPDATE 1-Arcadia, traders settle US CFTC oil-rigging suit for $13 mln

Edit Reuters 05 Aug 2014
Parnon unit and oil traders James Dyer and Nick Wildgoose had made some $50 million by squeezing the oil market, losing money on physical trades in order to reap bigger profits on futures ... A phone number on Parnon Holdings Inc.'s website now routes to JP Energy, a company that bought Parnon's oil storage and pipeline gathering system in 2012....

CFTC Sets $13 Million Pact in Crude-Oil Case

Edit Atlanta Journal 05 Aug 2014
The Commodity Futures Trading Commission said in an announcement, issued Tuesday night, ......

Arcadia and traders settle oil gaming lawsuit

Edit London Evening Standard 05 Aug 2014
Without admitting or denying wrongdoing, Arcadia Petroleum (based in London), Arcadia Energy, Parnon Energy, Arcadia trader Wildgoose and Parnon trader Dyer agreed to a permanent injunction requiring three years of limited trading in West Texas Intermediate crude, and improved record-keeping and oversight. The lawsuit was filed in 2011. Arcadia had denied the allegations and said it would fight them in court. Ads by Google. Comments ... ....

CFTC shows U.S. commodity manipulation laws have teeth: Kemp

Edit Reuters 05 Aug 2014
LONDON (Reuters) - By extracting a $13 million penalty and imposing tough restrictions on future oil trading by Arcadia and others, the U.S ... (“Manipulation of commodity futures prices ... The real significance of the CFTC’s punitive settlement with trading company Arcadia, its subsidiary Parnon and traders Nicholas Wildgoose and James Dyer is not the headline amount but the fact the CFTC managed to compel a settlement at all ... ....
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