Jul 182016

Coscia gets three-year prison sentence for spoofing

Kenneth W. Irvin, Terence T. Healey, Christopher J. Polito and Sharon Rose
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On July 13, convicted commodities trader Michael Coscia was sentenced to three years in prison and two years of supervised release for spoofing and commodities fraud.  In November 2015, a jury convicted Coscia on six counts of commodities fraud and six counts of spoofing, and Coscia faced a maximum sentence of 25 years in prison and a $250,000 fine for each count of commodities fraud, and a maximum sentence of 10 years in prison and a $1 million fine for each count of spoofing.

Kenneth W. Irvin

Washington, D.C.

kirvin@sidley.com

Terence T. Healey

Boston

thealey@sidley.com

Christopher J. Polito

Washington, D.C.

cpolito@sidley.com

Sharon Rose

srose@sidley.com

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