Defrauding

Former Houston gas trader Stephanie Roqumore was sentenced in U.S. District Court in Houston to six years in federal prison without parole for defrauding numerous natural gas trading companies of nearly $8 million.

The Commodity Futures Trading Commission (CFTC) filed charges against the American Energy Exchange (Amenx) and York Commodities for allegedly defrauding customers out of $1.39 million by falsely claiming to run an online energy exchange for futures and options contracts. The CFTC said no such exchange exists, the addresses and phone numbers of the purported operators are false and the companies that are listed as members of Amenx have “never heard of Amenx.”

The legal problems of Mountain Energy Corp., a Midwest gasmarketer that has been accused of defrauding customers andsuppliers out of millions of dollars, are mounting.

Anadarko Energy Services has accused Mountain Energy Corp., agas marketer in Kansas City, MO, and the company owners ofallegedly defrauding it out of million of dollars throughnon-payment of natural gas, as well as theft of gas in storage.

Anadarko Energy Services has accused Mountain Energy Corp., agas marketer in Kansas City, MO, and the company owners ofallegedly defrauding it out of millions of dollars throughnon-payment of natural gas, as well as theft of gas in storage.