Energy Trading Expert in Securities Fraud

An energy trading expert was needed for a securities fraud case involving pre-paid commodities trades. The defendant, a large banking corporation, made energy trades with a corporation that subsequently went bankrupt without delivering the physical assets. The plaintiffs alleged that pre-paid commodities trades (using funds raised from the plaintiff's securities trusts) in which physical assets were never delivered were therefore disguised loans. The plaintiffs further alleged that the defendant executed the trades as a form of risk mitigation, knowing the corporation was filing bankruptcy.

IMS ExpertServices was asked to locate an energy trading expert with extensive, practical experience in the commodities trading industry who was also knowledge of financial risk management strategies. The expert was requested to consult as to whether it was customary in the industry to enter pre-paid commodities transactions without actual delivery of the physical assets.

Experts Presented:

Risk Management Expert

This expert specializes in risk management consulting in the energy industry. He earned his B.A. in economics from Yale and then began his career in energy trading with brokerage houses such as Merrill Lynch, Shearson Lehman Brothers, and Prudential Securities. He has worked on a number of complex and non-traditional contracts including several pre-paid transactions. He is a frequent speaker and has written a number of articles on risk management in the energy industry. IMS Reference #5007461

Energy Economics Expert

This energy economics expert has over 15 years of experience in economic analysis of complex energy industry projects. In his current position he has developed the valuation and risk assessment practice for his firm. He is often called upon in the energy trading industry as an expert in risk analysis and portfolio risk mitigation strategies, using his knowledge of econometric methods, engineering principles and energy markets. He is also a frequent instructor of courses for a leading provider of seminars for the energy industry. This expert has his Ph.D. in mineral economics, an M.B.A., and a B.S. in engineering. IMS Reference #5007171