Former Deutsche Bank traders James Vorley and Cedric Chanu, who are pushing for acquittal after being convicted of wire fraud, are facing the opposition of the Department of Justice. This becomes clear from documents the DOJ filed with the Illinois Northern District Court earlier this week. Let’s recall that, in September 2020, Vorley and Chanu were convicted of three counts and seven counts, respectively, of wire fraud affecting a financial institution. The traders allegedly engaged in a scheme to defraud other traders on the Commodity Exchange Inc., which was run by the CME Group. The defendants defrauded other … (full story)
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