Ex-Gas Traders, Manager Get Prison Time For Fraud

Law360, New York (December 18, 2009, 2:10 PM EST) -- A former manager and two ex-traders for El Paso Corp. have each been sentenced to more than a decade in prison after pleading not guilty to faking deals, marking the latest casualties in the government's probe into natural gas market manipulation.

Judge Melinda Harmon of the U.S. District Court for the Southern of Texas handed down the sentence on Thursday after a jury convicted the three of conspiracy, false reporting and wire fraud, the U.S. Attorney's Office for that district said.

James Brooks, the former managing...
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