Ex-JPM Forex Rigger May Get Prison Put Off By 2nd Circ.

Law360, New York (December 1, 2020, 9:07 PM EST) -- The Second Circuit looked likely Tuesday to put off a fast-approaching date for convicted former JPMorgan Chase & Co. foreign currency trader Akshay Aiyer to report to prison, with judges citing a potentially viable legal question central to his appeal and also the nation's worsening COVID-19 outlook.

At a morning virtual hearing, Circuit Judges Robert D. Sack, Denny Chin and Raymond J. Lohier Jr. seemed inclined to spare Aiyer, at least for a while, from his obligation to begin serving his eight-month sentence beginning Friday.

Last year a jury convicted Aiyer of gaming currency prices alongside other bankers from 2010 to...

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