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Former Deutsche Bank Commodities Trader Sentenced to Prison for Fraud Scheme Details Written by Justice Department Chicago, Illinois - A former commodities trader was sentenced Monday in the Northern District of Illinois to 12 months and a day in prison for a scheme to commit wire fraud affecting a financial institution. James Vorley, 41, of the United Kingdom, was convicted by a federal jury on Sept. 25, 2020. Based on the evidence presented at trial, Vorley, who was employed as a precious metals trader at Deutsche Bank in London, engaged in a scheme to defraud other traders on the Commodity Exchange Inc., which was a public exchange. The defendant, together with Cedric Chanu and other Deutsche Bank traders, defrauded other market participants through a deceptive trading practice known as “spoofing.” Specifically, Vorley placed fraudulent orders that he did not intend to execute in order to create the false appearance of supply and demand and to i

New yorkUnited statesUnited kingdomCity ofCedric chanuRavi perryBrian youngWilliam sweeneyNicholasl mcquaidLeslies garthwaiteJames vorleyCommodity exchange incJustice department criminal divisionDivision fraud sectionYork field officeDeutsche bank