David Smothermon, based in Houston, is being charged with defrauding the unnamed commodities-trading company he worked with as president and head natural gas trader, causing more than $100 million in realized losses, CFTC says in a statement.
CFTC filed a federal civil enforcement action Thursday alleging trader inflated the value of the trading book to conceal mounting losses
Smothermon appeared in a Google search as former employee of Trammo AG
Representatives of Trammo didn’t immediately respond to a request for comment; Smothermon couldn’t immediately be reached at a listed phone number
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