Bay Area oil company executive charged with market manipulation

Bay Area oil company executive charged with market manipulation

3 years ago
Anonymous $hYN7Hy7o7J

https://www.siliconvalley.com/2021/03/22/bay-area-oil-company-executive-charged-with-market-manipulation/

SAN FRANCISCO — Federal prosecutors in the Bay Area have charged a local resident with conspiracy to manipulate the oil market, a crime that prosecutors say was committed while he was a vice president at an oil company.

Emilio Collado, aka Emilio Heredia, was charged earlier this month with a single count of conspiracy. The charging records allege that since 1998, Collado worked at two oil companies, one of which bought out the other one in 2014. The companies are referred to in court records not by their names but as “Company A” and “Company B.”

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