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Come By Chance refinery director ordered to pay US$5.25M for ‘fraudulent’ fuel trades at prior job

A senior official linked to the Come By Chance oil refinery in Newfoundland is facing a multi-million-dollar penalty for “unlawful” energy trades during his tenure at a previous job working as an airline industry executive in the United States. Last week, the U.S. Commodity Futures Trading Commission (CFTC) issued an order against Jon Ruggles for “engaging in fraudulent, fictitious, and noncompetitive trades in crude oil and heating oil futures and options.”

Read the full article at CBC News.