Insight and investigations from our expert reporters
Back in May, Matthew Goldstein wrote about commodities trader and hip-hop promoter Tyrone Gilliams in the special report “A fame-seeking Philly trader’s rap falls flat.”
Today Gilliams was arrested on charges of running a $4 million investment scam.
Time to re-read the original story, which detailed allegations by Ohio businessman David Parlin that Gilliams used some of Parlin’s money to sponsor a glitzy black-tie charitable event in Philadelphia attended by rappers and local politicians.
Federal authorities began investigating Gilliams soon after the Reuters story was published, according to people familiar with the matter who declined to be identified.
Matt will be keeping track of the case as it plays out.
Our latest special report, “Was a Houston energy trader a one-woman Enron?” examines the case of an obscure energy trader in Houston who prosecutors say managed to scam $6.8 million from major energy companies.
Stephanie Roqumore was pretty much unknown in the natural gas trading community, but somehow she was able to make million dollar purchases of natural gas on credit, according to court papers.