CFTC Wins Judgment Against Chicago Trader Over $2M Fraud

Law360, New York (February 10, 2012, 7:42 PM EST) -- An Illinois federal judge handed a victory Friday to the U.S. Commodity Futures Trading Commission in its suit against a Chicago Board of Trade member convicted of cheating customers out of more than $2 million, issuing summary judgment because he never denied the allegations.

U.S. District Judge Virginia Kendall ruled that David Sklena — now representing himself against claims that he aided and abetted a fellow CBOT trader, the late Edward Sarvey, in a scheme to defraud customers out of profits by taking advantage of momentary...
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Case Information

Case Title

U.S. Commodity Futures Trading Commission v. Sarvey et al

Case Number



Illinois Northern

Nature of Suit



Honorable Virginia M. Kendall

Date Filed

January 9, 2008

Government Agencies

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