Tuesday, April 08, 2008

Steven Karvellas

The NY Post reports, "Natural gas trader Steven Karvellas, a Nymex board member from 1996 to 2006, yesterday pleaded guilty to securities fraud and tampering with evidence and agreed to serve five months in jail. He will also pay $850,000 in penalties and fines. The former board member of the New York Mercantile Exchange and six others were busted yesterday for bilking commodity investors out of millions of dollars in a scam that involved bribery and evidence tampering."

 
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