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Jail Time 'n Joke Time

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Steven J. Karavellas, a former director of the New York Mercantile Exchange, pleaded guilty this afternoon to commodities fraud and tampering with evidence. For his role in illegal trading in natural-gas markets between September 2002 and May 2003, in a scheme that defrauded at least one individual investor, Karavellas will pay a $850,000 fine and go to jail for five months. RE the “Brian Hunter” picture: I don't think there's even a tenuous link here, 'cept that they were both natural gas traders. I just love that fish. And Blarney’s gone and I can do whatever I want. While we’re on the subject, I need to hit a quota of Ron jokes for the day/week/month he’s away, and at the time will be officially taking submissions from the field.
7 Charged in NY Mercantile Probe [AP]