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Clyde Meltzer

The Seaway Crude Oil Pipeline Co.'s expanded pipeline will carry oil from Cushing, Okla., to refineries along the Gulf Coast. (Photo: LyondellBasell)

Oil traders enter into plea deal with feds over LyondellBasell case

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Clyde Meltzer and Bernard Langley pleaded guilty to conspiracy to commit wire fraud as part of a scheme to defraud refiner LyondellBasell out of millions of dollars.
(Photo: Brian Turner/Flickr)

Plea deal possible in oil trader case?

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Clyde Meltzer and Bernard Langley are scheduled to go to trial this November for their roles in an alleged oil shipments kickback scheme. A filing from the federal government hints that a plea deal may be in the works for the two men, however.
King of Oil Marc Rich Chinese Cover

Oil trader Marc Rich may make it to the Big Screen

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Marc Rich, the Godfather of modern oil markets may have his story told on the Silver Screen, with famed director/producer Ron Howard close to getting rights to a book about him.
(Image: Fotolia)

Oil traders accused in kickback scheme may be headed for trial

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Legal filings and an e-mail seeking money to pay for one of the men’s defense indicate two traders currently in prison for their roles in a multimillion dollar oil-shipping kickback scheme are preparing for trial.
This 1957 Cadillac, once owned by Frank Sinatra, was allegedly purchased with illegal kickback funds by Bellaire's Jonathan Barnes. (Photo courtesy of Mecum Auctions)

Oil traders’ trial pushed back, Sinatra car auction set for mid-April

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A pair of men accused of bilking LyondellBasell out of $80 million are scheduled for trial on Aug. 8, but filings raise the possibility of a plea deal. Some of the assets seized in the case, including a Caddy once owned by Frank Sinatra, go on the block next month.
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Judge rules Houston oil traders must remain jailed

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Judge Sim Lake says Clyde Meltzer and Bernard Langley present a flight risk and must stay behind bars pending trial for allegedly bilking LyondellBasell out of millions of dollars.
This 1957 Cadillac, once owned by Frank Sinatra, was allegedly purchased with illegal kickback funds by Bellaire's Jonathan Barnes. (Photo courtesy of Mecum Auctions)

Big homes, cool cars, reality TV stars — the oil traders saga continues

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This 1957 Cadillac, once owned by Frank Sinatra, is one of the many items the government says Jonathan Barnes and others purchased with money from a scheme that allegedly overcharged LyondellBasell for oil shipments from Venezuela. (Photo courtesy of Mecum Auctions)
4911 Welford Drive Bellaire

Feds move against assets related to oil trader case

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Bellaire home just the latest of several properties that federal investigators say were purchased with proceeds from a kickback scheme. (Photo: HAR.com)

Man accused in kickback scheme pleads not guilty

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A former LyondellBasell employee accused of taking part in a kickback scheme that may have cost the company more than $80 million pleaded not guilty to related charges in federal court on Friday.
Jon Barnes, a former marine chartering manager at Lyond…
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Former Lyondell worker pleads not guilty in trading scheme

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Jon Barnes, a former Marine Chartering Manager at the refiner, entered a not guilty plea to allegations he took part in a kickback operation that cost his company up to $80 million.