(NEW YORK) Justice Dept Court Report: Second Former Deutsche Bank Commodities Trader Sentenced to 12-months in Prison for Fraud Scheme #AceNewsDesk report | Ace News Services


#AceNewsReport – June.30: Based on the evidence presented at trial, Chanu, who was employed as a precious metals trader at Deutsche Bank in Singapore and, later in London, engaged in a scheme to defraud other traders on the Commodity Exchange Inc., which was a public exchange.

DOJ: A former commodities trader was sentenced Monday to 12 months and a day in prison for a scheme to commit wire fraud affecting a financial institution: Cedric Chanu, 42, of France and the United Arab Emirates, was convicted by a federal jury on Sept. 25, 2020