HOUSTON — A former energy company president is going to prison for anto honest services wire fraud, commodities insider trading and prohibited commodities transactions.
Hanks noted Clark made the calculated choice to commit these offenses despite the risk of being caught, and in doing so “gambled and lost.” “Matthew Clark steered his company’s commodities trading business to a broker in exchange for over $5.5 million in illegal kickbacks. He also misappropriated confidential information about his company’s planned commodities trades and used that information to enrich himself and his co-conspirators,” said Deputy Assistant Attorney General Nicole M. Argentieri.
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