Legal
Ex-JPMorgan Gold Trader Sentenced to Six Months in ‘Spoof’ Case
- Last criminal penalty imposed in a years-long spoofing saga
- Case among the crown jewels in federal spoofing crackdowns
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A former JPMorgan Chase & Co. gold trader was ordered to serve six months behind bars for a fraud conviction tied to deceptive orders, the last criminal penalty imposed in a years-long spoofing saga at the bank.
Christopher Jordan was sentenced Friday in Chicago by US District Judge Edmond Chang. Jordan was convicted in December for placing deceptive spoofing orders from 2008 to 2010 that witnesses testified were rampant among traders on JPMorgan’s precious-metals desk.