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USA v. Wakefield
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February 07, 2024
Ill. Jury Convicts Trader Of $30M Bond Fraud
An Illinois federal jury on Wednesday convicted a former bond trader of tanking his Atlanta-based former employer by claiming inflated commissions on his trades and entering false and unauthorized trades that caused $30 million in losses.
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February 06, 2024
Feds' Fraud Case Based On Faulty Assumptions, Jury Hears
A former bond trader argued Tuesday that an Illinois federal jury should clear him of accusations that he claimed inflated commissions and tanked his former employer with $30 million in losses because trial evidence proved prosecutors "jumped to conclusions" about his trades.
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February 05, 2024
Ex-Trader Tells Jury $30M Losses Were Mistakes, Not Fraud
An ex-trader charged with tanking his former employer by claiming inflated commissions and entering unauthorized trades that caused $30 million in losses testified Monday that he wasn't trying to defraud others but rather cover his hedges and correct significant mistakes he'd made while trading.