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Tuesday, July 30, 2013

JPMorgan Pays 410 Million Dollars for Electricity Price Manipulation

JPMorgan Pays 410 Million Dollars for Electricity Price Manipulation
http://www.darkgovernment.com/news/jpmorgan-pays-410-million-dollars-for-electricity-price-manipulation/

JPMorgan Chase & Co. agreed to pay $410 million in penalties on Tuesday to
settle accusations by U.S. energy regulators that it manipulated electricity
prices.

The Federal Energy Regulatory Commission said the bank used improper bidding
strategies to squeeze excessive payments from the agencies that run the power
grids in California and the Midwest in 2010 [...]

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