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Delta Petroleum CEO Roger Parker files Chapter 11

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Delta Petroleum CEO Roger Parker files Chapter 11 
By fnfvgnfqw on Jan 25, 2014 03:40 AM
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<P>Roger A. Parker, a key figure in a Denver insider trading case, has filed for bankruptcy protection.</P>
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<P>Parker, who the Securities and Exchange Commission claims fed information about Authentic Champ Bailey Jersey his company to a friend, listed both assets and liabilities in the range of $10 million to $50 million in his Chapter 11 filing.</P>
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<P>The SEC is suing Parker and Michael Van Gilder, accusing them of trading in insider information about an investment in Delta Petroleum Corp. Parker was CEO of the Denver based company in late 2007 when billionaire Kirk Kerkorian's Beverly Hills, Calif. based investment firm, Tracinda Corp., agreed to purchase a 35 percent stake in the www.broncosofficialnflproshop.com/24+Champ+Bailey+Jersey+Cheap.html company and paid $684 million.</P>
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<P>Tracinda's investment increased Delta's stock value by nearly 20 percent.</P>
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<P>The SEC in October filed its civil suit against Van Gilder, who was then the CEO of Denver based Van Gilder Champ Bailey Jersey Insurance Corp., and alleged he made a profit from trading in Delta Petroleum's stock based on knowledge he received from an unidentified person.</P>
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<P>Parker was named as that person in an amendment complaint the SEC filed in November. Another figure in the case identified in the SEC's complaint only as "Friend A" hasn't been publicly named.</P>
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<P>Van Gilder, who the SEC said tipped off his relatives, his broker and a co worker about the Tracinda investment in Delta, made a profit of about $109,000 from his trades, according to the lawsuit.</P>
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