A Chicago-based U.S. federal district court judge on Tuesday sentenced Navinder ...
Sarao pleaded guilty in 2016to wire fraud and “spoofing” for placing orders intended to affect prices — rather than trade — in the S&P 500 E-mini futures market.
U.S. District Court Judge Virginia Kendall on Tuesday sentenced Sarao to time served, his lawyers said. Sarao spent four months in a London prison in 2015 prior to being released on bail. “ is overjoyed to put this behind him, go home, and move on with his life,” said Dechert partner Roger Burlingame.
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