Scandal
On 27 September 2002, the shares of the El Paso Corporation plunged after an administrative law judge at the Federal Energy Regulatory Commission ruled that the company helped illegally drive energy prices to record highs in California between 2000 and 2001 by manipulating gas supplies. El Paso gas trader Todd Geiger was prosecuted by the FERC for falsely making up 48 gas trades. El Paso is now out of the energy trading business.
Read more about this topic: El Paso Corp.
Famous quotes containing the word scandal:
“A famous theatrical actress
Played best in the role of malefactress.
Yet her home-life was pure
Except, to be sure,
A scandal or two just for practice.”
—Anonymous.
“There’s no scandal like rags, nor any crime so shameful as poverty.”
—George Farquhar (1678–1707)
“Gossip isn’t scandal and it’s not merely malicious. It’s chatter about the human race by lovers of the same. Gossip is the tool of the poet, the shop-talk of the scientist, and the consolation of the housewife, wit, tycoon and intellectual. It begins in the nursery and ends when speech is past.”
—Phyllis McGinley (1905–1978)