April 23, 2019
An Illinois federal judge on Tuesday permanently tossed federal prosecutors' case against an Illinois software executive who they claimed made a program he knew would help a trader to spoof the commodities market, after a jury deadlocked on those charges at trial.
April 10, 2019
Federal prosecutors have two weeks to decide if they want to retry a man who they allege built software he knew would help a trader spoof the commodities market, a judge said a day after calling a mistrial in the case.
April 09, 2019
An Illinois federal judge declared a mistrial Tuesday after a jury deadlocked on charges an Illinois software executive built a computer program he knew would help a United Kingdom-based trader spoof the commodities market.
April 08, 2019
Prosecutors twisted an ordinary business transaction into a purported two-person criminal scheme that intended to cost traders millions of dollars, an Illinois federal jury heard Monday as a software executive urged his acquittal.
April 05, 2019
An Illinois software executive's midtrial acquittal on a charge he conspired to create a program he knew would be used to manipulate the commodities market might make the government rethink how far its spoofing prosecutions extend, experts say.
April 04, 2019
An Illinois software executive accused of creating a program he knew would enable a London trader to spoof the commodities market decided not to testify Thursday, following his mid-trial acquittal on a charge he was part of the trader's criminal conspiracy.
April 02, 2019
The Illinois software executive accused of creating a program that enabled a trader to spoof the commodities market was very knowledgeable in that area of the trading industry and served on a committee to address issues facing it, a federal jury heard Tuesday.
April 01, 2019
An Illinois software executive knew exactly what he was doing when he agreed to build software enabling a trader to spoof the commodities market and contribute to a "flash crash," federal prosecutors told a jury Monday.
March 29, 2019
A jury trial set to begin Monday in Illinois federal court looks to take a software engineer to task for others' conduct on his program, in what could be the first time federal prosecutors have staged such an attack on commodity market spoofing.
August 22, 2018
An Illinois federal judge rejected a software development company owner's bid to dodge spoofing conspiracy charges over technology that enabled accused "flash crash" trader Navinder Sarao's criminal securities transactions, saying his argument of little involvement or knowledge "is basically a closing argument or an opening statement."