Amaranth Advisors LLC, a collapsed hedge fund, was charged by federal regulators with attempting to manipulate natural gas markets. The company is charged with attempting to lower the price of natural gas on the New York Mercantile Exchange in order to profit through an electronic futures exchange company, InterContinental Exchange Inc.
The Commodity Futures Trading Commision filed a civil complaint against Brian Hunter, the former chief energy trader of the company, as well as Amaranth. Hunter earned over $100 million in 2005.
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Commentary: There is no planned jail time if Hunter is convicted. A monetary punishment may not be sufficient for him after his reported earnings of over $100 million.
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