By Tina Seeley
Nov. 9 (Bloomberg) — Five current and former traders from Coral Energy Resources, a unit of Royal Dutch Shell Plc, agreed to pay $1 million to settle U.S. allegations that they reported false information on natural-gas trades to manipulate prices.
The U.S. Commodity Futures Trading Commission announced the settlement today in an e-mailed statement. The regulator filed a complaint in February 2005 alleging the traders sent false reports to index publishers between October 2001 and June 2002.
“This settlement further demonstrates that the CFTC will vigorously pursue cases of false reporting to energy-index providers and attempts to manipulate energy indexes and markets,” Gregory Mocek, director of enforcement for the commission, said in the statement.
Shell confirmed that three of the people named in the settlement are currently employed by the company.
“In settling this civil case, the individuals neither admitted nor denied the allegations of the complaint,” Shell spokeswoman Rebecca Elliott said in an e-mail. “Since this matter was between the CFTC and the individuals, it is not appropriate for us to comment further on the matter.”
The announcement marks the CFTC’s second in two days on a settlement of a gas-reporting case. Former Mirant Corp. trader Paul Atha agreed to pay $200,000 to settle claims that he made false trade reports, the commission said yesterday.
To contact the reporter on this story: Tina Seeley in Washington at [email protected]
Last Updated: November 9, 2007 12:00 EST
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=auwUaFAzR4wA
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
