Twins Indicted In Alleged $7.2M Commodities Fraud

Law360, Chicago (October 19, 2012, 3:47 PM EDT) -- Twin brothers living in Russia have been indicted on wire and commodities fraud charges in Illinois federal court for allegedly trying to rake in $7.2 million through manipulative currency futures trading on CME Group Inc.'s Globex electronic trading platform, prosecutors said Friday.

In the indictment that a grand jury returned Wednesday, 48-year-old brothers Marat and Ayrat Yunusov are each facing eight counts of wire fraud and two counts of commodities fraud. Arrest warrants will be issued in the U.S. for both defendants, according to the U.S....
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