On November 18, the Commodity Futures Trading Commission and the Securities and Exchange Commission filed a complaint against several individuals for allegedly scheming to inflate the value of natural gas option positions held by the Bank of Montreal (BMO). According to the agencies, the defendants mismarked the values of BMO’s natural gas options and engaged in a scheme to have their own bid/ask quotations adopted as independent third-party valuations as a means of circumventing BMO’s internal controls.  

http://www.cftc.gov/newsroom/enforcementpressreleases/2008/pr5571-08.html