SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?


To: Mr. Whist who wrote (287710)8/17/2002 2:54:37 AM
From: calgal  Respond to of 769670
 
"We shall see."

You said it, so watch!

I have an idea. Are you currently volunteering, campaigning etc., instead of complaining? Your party will find something for you to do! :)Uncle Sam wants you!



To: Mr. Whist who wrote (287710)8/17/2002 8:53:45 AM
From: JEB  Respond to of 769670
 
Former Gas Trader Given 3 Years

08/16/2002 19:37:52 EST
HOUSTON (AP) - A former director of marketing and trading at an Enron Corp. subsidiary was sentenced Friday to more than three years in prison for laundering nearly $1 million as part of a 1998 gas diversion scheme.

Steven Gary Todoroff had already pleaded guilty in May before U.S. District Judge Sim Lake.

Todoroff, 47, worked at EOTT Energy Corp., which was formed in 1994 when Enron combined Enron Oil Trading & Transportation with Enron Products Marketing Co. He said he negotiated a contract which exchanged 100,000 barrels of butane gas between EOTT and Petrogas Inc. in December 1998.

He diverted the butane from Petrogas to a company he owned and then sold it for almost $1 million, which he placed in a personal account and used to buy various personal items, including a new sports utility vehicle, federal prosecutors said.

Under the contract Todoroff negotiated, EOTT was obligated to return the barrels of butane to Petrogas.

Consequently, EOTT had to purchase 100,000 barrels of butane at a cost of $3 million to fulfill the contract with Petrogas in January 2000.

Todoroff was also ordered Friday to pay back the $3 million.

siliconinvestor.com