The Securities and Exchange Commission filed charges against the former CEO, CFO and treasurer of natural gas distributor Nicor, charging the Chicago-area company with financial fraud spanning the period of 1999 to 2002.
The SEC alleged in its complaint that the executives -- former CEO Thomas Fisher, former CFO Kathleen Halloran and former treasurer George Behrens -- devised a scheme to have Nicor profit by accessing its lower-cost last-in, first-out layers of gas inventory.
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