CFTC Charges Former Fuel Oil Trader with Manipulating Fuel Oil Benchmark

CFTC

The Commodity Futures Trading Commission today issued an order filing and settling charges against Emilio José Heredia Collado of Lafayette, California for engaging in attempted manipulation and manipulation of a U.S. price-assessment benchmark relating to physical fuel oil products. Heredia engaged in this unlawful conduct for more than four years while employed as a fuel oil trader at a commodity trading firm and then at the U.S. affiliate of a multinational commodity trading company that acquired it. read more »

Former Mexican governor and presidential candidate convicted of money laundering

DOJ

The former governor of Tamaulipas, Mexico, has admitted he accepted over $3.5 million in illegal bribe money and used it to fraudulently purchase property in the United States, announced Acting U.S. Attorney Jennifer B. Lowery. read more »

Lordstown Motors knew of SEC investigation month before public announcement

WFMJ

The company that plans to manufacture all-electric pickup trucks at the former GM Lordstown Assembly plant has formally acknowledged that it is being investigated by the Securities and Exchange Commission and that began in mid-February. read more »

The Mormon church’s secret $100B investment fund, explained

THE HUSTLE

Earlier this week, The Church of Jesus Christ of Latter-day Saints was hit with a federal lawsuit alleging donation misuse fraud. read more »