I was traveling on business on Tuesday the 16th, but it was not difficult to notice the headlines from a number of online sources, Wall Street Journal, KC Star, KC Business Journal, The Newark Examiner and the Associated Press, among others.
"DFA, former execs will pay $12M to settle trading investigation"
"The Commodity Futures Trading Commission said DFA (Dairy Farmers of America), former CEO Gary Hanman and former CFO Gerald Bos will pay the 12M civil penalty for attempting to manipulate a Class III milk futures contract and exceeding speculative position limits in the contract, in violation of the Commodity Exchange Act."
"The agency's order regarding DFA, Hanman and Bos found that from May 21 through June 23, 2004, the three tried to manipulate the price of the Chicago Mercantile Exchange's June, July and Augus 2004 Class III milk futures contracts through purchases of block cheddar cheese on the CME Spot Call market.
Kansas City Business Journal, December 16, 2008.
Mr Hanman and his wife Shirley were both listed as contributers to the Bos campaign ($300 each) in this past mayoral campaign. They also own a home on Pleasant Ford.
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