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Ex-UBS Trader's Alleged Spoofing Was Fraud, Jury Hears

Law360 (April 16, 2018, 11:29 PM EDT) -- The trial of a former UBS trader accused of spoofing in the precious metals futures market teed off in New Haven federal court on Monday, with federal prosecutors painting him as a fraudster while his attorneys slammed the government’s case as “fool’s gold.”

Andre Flotron, 54, dressed in a gray suit and maroon patterned tie, appeared unfazed as Assistant U.S. Attorney Avi Perry delivered an opening statement describing how Flotron and his underlings allegedly placed “trick” buy and sell orders to move market prices in favorable...
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