Gov't Drops Software Exec Spoofing Case After Mistrial
Law360 (April 23, 2019, 7:57 PM EDT) -- 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.
U.S. District Judge Robert Gettleman’s order came about two hours after the U.S. Department of Justice asked for it. The government’s motion said very little, but asked the judge to dismiss its indictment against Edge Financial Technologies Inc. owner Jitesh Thakkar with prejudice and strike the April 25 status date he entered after declaring a mistrial in the case....
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