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Speed-Chess Champ Oystacher Claims Ignorance in Spoofing Case

  • Asked if he's intelligent, Oystacher questions meaning of word
  • 3Red co-founder faces CFTC questioning in Chicago courtroom

On paper, Igor Oystacher is a speed-chess champion who commands a lightning-quick intellect, allowing him to cast aside allegations he manipulated futures markets for years. Under questioning in a Chicago courtroom, he frequently professed ignorance.

The co-founder of 3Red Trading LLC, accused of a type of fraud known as spoofing in a lawsuit by the Commodity Futures Trading Commission, took the witness stand Tuesday, saying he didn’t recall many aspects of his activities and didn’t know the meaning of words such as “flipping” and even “trading.”