Breaking Down The 2nd Criminal Spoofing Trial: Part 1

By Clifford Histed, Vincente Martinez and Lexi Bond (June 11, 2018, 1:27 PM EDT) -- On April 25, 2018, a federal jury in New Haven, Connecticut, found Andre Flotron not guilty of conspiring to commit commodity fraud by means of spoofing (bidding or offering with the intent to cancel the bid or offer before execution) in the futures markets. The acquittal in this case has resulted in comparisons to the trial that resulted in the conviction of Michael Coscia in Chicago in November 2015. In part one of this two-part article, we discuss the significant differences between the two cases that make such comparisons difficult, and discuss the developments in the Flotron case leading up to his trial....

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