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That is why it is important that the administration's working group on oil and gas price fraud — formed a year ago by Attorney General Eric Holder Jr. — finally weighs in on the question of how, and how much, manipulators and speculators are pushing up prices.
A year ago, Mr. Holder named a working group on oil and gas price fraud, telling it to "explore whether there is any evidence of manipulation of oil and gas prices" and to evaluate "the role of speculators and index traders".
Unfortunately for online businesses, a spike in shopping comes with its own price: fraud.
In late April, Attorney General Eric Holder announced that he had created the Oil and Gas Price Fraud Working Group.
Amazingly, amid much fanfare, the Obama administration announced the 'Oil and Price Fraud Working Group.' That was over two years ago and since then we have heard not a single peep from that august body.
and the then-concurrent formation of the august "The Oil and Gas Price Fraud Working Group" under the auspices of the Justice Department from which not a word has been heard of since.
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The New Jersey bill offers protection from pricing fraud and requires producers to follow the rules.
He has been an expert witness in cases ranging from the constitutionality of the Canada Health Act to asbestos disputes and drug pricing fraud.
Last month, for example, GlaxoSmithKline said it would pay $3 billion to settle criminal and civil accusations of drug marketing and pricing fraud.
Last week, the Sandoz division of Swiss group Novartis agreed to pay $150m to settle lawsuits filed by Florida, California and a whistleblower, to settle pricing fraud charges.
"This may be a bitter pill for the drug companies to swallow, but the days of prescription pricing fraud are over.
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