Former Gas Trader Guilty of Wire Fraud

Summary


A former natural gas commodities trader from Rutherford has pleaded guilty to destroying evidence, falsifying trading records and inflating the value of his portfolio at the Bank of Montreal, where he worked.

David Lee, 37, pleaded guilty to conspiracy, wire fraud and making false bank entries, the U.S. Attorney's Office in the Southern District of New York said. Lee also pleaded guilty to obstructing a federal regulatory investigation, the office said.

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Extract


Former Gas Trader Guilty of Wire Fraud

Lee filed the plea Thursday. It was unsealed Tuesday after the indictment of an alleged co-conspirator, Kevin Cassidy, 49,...

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