United States v. Valencia

Michelle Valencia and Greg Singleton appeal wire fraud convictions arising from alleged efforts to manipulate natural gas markets. Each defendant raises myriad issues on appeal, which we have considered carefully, along with an exhaustive review of the trial court’s record. Confident that each defendant received a fair trial and that the convictions rest on solid evidence, we affirm.

I

We start with a factual overview of this case before delving into the particulars of the issues on appeal. We first describe the nature of defendants’ job duties and give a sketch of the industry’s relevant…