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Archive for March 6th, 2012

Obama Orders Atty. Gen. Holder to Investigate Oil Price Speculation

Pres. Obama at state of the union/white house photo

By Jon Perkins
ticklethewire.com

WASHINGTON — President Barack Obama said Tuesday at a press conference that Attorney General Eric Holder will reconstitute the Oil and Gas Price Fraud Working Group to probe the rising prices at the gas pumps around the nation.

The move comes amid a consensus that speculation is what has driven the cost of a gallon of gasoline  up 42 cents from the beginning of January to the end of February when the average retail price per gallon of gasoline jumped  from $3.30 to $3.72.

Obama did not detail when the group will report its findings or just what the panel would do. The group was created in 2011 to root out speculators who buy and sell oil futures based on the predicted price of oil. The task force, which has met bout a half dozen times,  has been helping the Federal Trade Commission investigate  gas prices since June 2011.

Oil speculation is generally legal unless the investor has relied on insider information.

OTHER STORIES OF INTEREST

 

Texas Financier R. Allen Stanford Convicted in $7 Billion Fraud

R. Allen Stanford

By Allan Lengel
ticklethewire.com

All the riches in the world, and no where to go but prison.

A fed jury in Houston on Tuesday convicted wealthy Texan R. Allen Stanford,61,  on 13 of 14 counts that involved allegations that he ran a $7 billion fraud through an offshore bank, the Houston Chronicle reported. Family members wiped away tears as the verdict was read, according to the paper.

The conviction is likely to keep him behind bars for quite a while.

The charges included conspiracy, fraud, obstruction and money laundering. The counts of which he was found guilty carry total penalties of 230 years.

To read more click here.

FBI Announces $1 Million Reward to Help Find Ex-FBI Agent Who Vanished in Iran in 2007

 
By Allan Lengel
ticklethewire.com

On the five-year anniversary of his disappearance– which happens to be this week — the FBI is offering a $1 million reward and is launching a publicity campaign in Asia to try to locate and bring home ex-FBI agent Robert A. Levinson, who vanished while on business in Iran.

The FBI said that on March 8, 2007, Levinson traveled to Kish Island, Iran as a private investigator “and has not been publicly seen or heard from since his disappearance on March 9, 2007.”

“On the fifth anniversary of Bob’s disappearance, the FBI continues to follow every lead into his abduction and captivity,” James W. McJunkin, head of the FBI’s Washington Field Office said in a statement.

“We are committed to bringing Bob home safely to his family. We hope that this reward will encourage anyone with information about Bob or his captors, no matter how insignificant it seems, to contact the FBI.”

Director Mueller, seen with Robert Levinson’s wife Christine and Deputy Director Sean Joyce, announces a $1 million reward in the Levinson case./fbi photo

Authorities said a year ago Sec. of State Hillary Clinton issued a statement saying the U.S. had info that Levinson was being held captive by a group in southwest Asia.

Authorities said they were launching a publicity campaign in southwest Asia to heighten awareness of Levinson’s abduction and $1 million reward  via billboards, radio messages, and flyers. A tip line will be provided to listeners and viewers.

 

TSA’s John Pistole Talks About Airport Security

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