Freepoint Commodities

Freepoint Commodities
Company type
Private
IndustryCommodities trading
Founded2011; 15 years ago (2011)
Headquarters
Stamford, Connecticut
,
United States
Key people
Number of employees
625
Websitefreepoint.com

Freepoint Commodities is a commodities trading company based in Stamford, Connecticut.

In February 2023, a former employee of the company and its agent in Brazil were indicted for their alleged role in a bribery scheme.[1]

In December 2023, the company agreed to pay more than $98 million to settle an alleged conspiracy to bribe Brazilian officials to attain contracts with Petrobras.[2]

In March 2024, the company's head of European physical gas trading, resigned to start a new gas and power hedge fund.[3]

References

  1. ^ Tokar, Dylan (2023-02-17). "Former Freepoint Commodities Trader Charged With Bribing Brazilian Officials". Wall Street Journal. ISSN 0099-9660. Retrieved 2024-12-20.
  2. ^ Sun, Mengqi (December 14, 2023). "Freepoint Commodities to Pay $98 Million to Settle Criminal Foreign Bribery Probe". Wall Street Journal – via www.wsj.com.
  3. ^ "Freepoint's Top Gas Trader Quits to Start Own Energy Hedge Fund". Bloomberg.com. 2024-03-15. Retrieved 2024-12-20.

Official website

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