Business Services Industry
Former El Paso Trader Pleads Guilty to Reporting Bogus Natural Gas Trades.
Knight Ridder/Tribune Business News, December, 2003
By Laura Goldberg, Houston Chronicle Knight Ridder/Tribune Business News
Dec. 12--Todd Geiger, a former El Paso Corp. trader, indicted on charges he was involved in reporting bogus natural gas trades to an industry publication, admitted guilt Thursday as part of a plea deal with federal prosecutors.
Geiger, 39, a former vice president at Houston-based El Paso's trading operation, was indicted about a year ago on one count of reporting of inaccurate information under the Commodity Exchange Act and one count of wire fraud.
He pleaded guilty to the reporting charge and faces a maximum sentence of five years in prison and a $500,000 fine.
As part of the deal, which requires Geiger to cooperate with prosecutors, the government...
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