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Omerta Capital boss Peter Miller charged with insider trading in natural gas

Marlon Brando as Vito Corleone in ‘The Godfather’, a film based on the novel by Mario Puzo and directed by Francis Ford Coppola. It premiered in theaters on March 15, 1972.

CBS Photo Archive | CBS | beautiful pictures

On Instagram, Peter Miller’s life – like everyone else’s – seems perfect.

Only Miller’s life is a little more perfect than the average Insta star: Having a 41-year-old waist deep in a swimming pool, holding a large tray of Champagne while a friend lifts an oversized bottle in a humorous way.

In Aspen, spring snow blankets the green canopy of alpine treetops, and hotel breakfasts feature hot coffee, cool crepes, and two laptops, screens displaying market data. .

A beautiful woman in a bathrobe holds a glass of wine and gazes at the Paris skyline in this photo taken at the luxury Marignan Champs Elysees hotel.

But one photograph in particular captures the stress that may have been at the core of Miller’s life: It was a photograph of two men, who appeared to be gallery employees, hanging the painting on the wall of an apartment in Miami.

The colors of the picture are bright like cartoons like the artist’s own message. This is the work of an anonymous graffiti expert known as “Alec Monopoly” and it depicts the character Rich Uncle Pennybag, the Monopoly mascot, holding a doctor’s stethoscope as he examines his heart. Richie Rich cartoon character. Pumping out of the spoiled rich boy’s chest was a line of dollar signs.

It is unclear whether Miller, who was recently indicted on federal charges, purchased the painting or how he interpreted its meaning. The gallery, which displays the work of Alec Monopoly, calls it “a critique of the greed of capitalists.”

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But Miller himself – at least until his indictment was returned by a federal grand jury in Houston last week – is certainly a capitalist. And the US government says it was greed that made him commit the crime.

At the heart of the alleged scheme is Miller’s firm, which he calls Omerta Capital, LLC.

Of course, “Omerta” is the mafia code of silence that is popularized in mafia fiction, such as the works of Mario Puzo, who wrote “The Godfather” and other mob novels. Under this rule, so-called men must remain silent in the face of interrogation by law enforcement or the government – to give those who have not been caught a better chance of escaping.

It’s unclear why Miller gave his natural gas trading company a name that sounds like a code of loyalty for criminals, or whether Miller is a fan of “The Godfather.” .

But it’s the kind of thing that is likely to get the attention of law enforcement officials.

Omerta, the company, is based in Puerto Rico, which captures many of Miller’s Instagram photos of pools, yachts, and palm trees.

According to the government, Miller was involved in a long-term scheme to obtain critical non-public information to manipulate the natural gas futures market – and he had the cooperation of a secret source who did. leak his valuable personal information.

The government said Miller conspired with four other men and “caused prices to be reported, recorded and registered on the designated commodity markets to be falsely priced.” Four other men pleaded guilty to various charges.

According to the government, the plan involved a natural gas company in Houston, which was identified only in court papers as “Company B.” One person in that company, described as “Person 1,” disclosed details of Company B to Miller through two other people.

That information, the government alleges, includes “time, quantity, price and direction of its trading interest.” Using that information, Miller allegedly engaged in clearing transactions designed to profit from his prior knowledge.

Miller’s alleged source at Company B, Person 1, is a resident of The Woodlands, Texas, and has held various roles at the company, including as president, according to the Department Justice.

Contacted by phone Monday, Miller declined to comment.

Several others were involved in the plan to declare a crime based on criminal information submitted by prosecutors and legal papers in cases filed in a way that showed one or more other individuals had could cooperate with the government – and against Miller.

Omerta, it seems, only goes so far.

https://www.cnbc.com/2021/12/13/omerta-capital-boss-peter-miller-accused-of-natural-gas-insider-trading.html Omerta Capital boss Peter Miller charged with insider trading in natural gas

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