2nd Ex-JP Morgan Metals Trader Cops To Spoofing

Law360 (August 20, 2019, 5:55 PM EDT) -- A former JPMorgan Chase metals trader pled guilty in Brooklyn federal court Tuesday to spoofing commodities transactions for most of his 12-year career, making him the second trader at the bank to admit to such a scheme.

U.K. resident Christiaan Trunz, 34, pled guilty to one count of spoofing and one count of conspiracy and is cooperating in an ongoing probe, prosecutors said. He resigned from JPMorgan the same day and is scheduled to be sentenced in February. Trunz had worked for the bank in London, New York and Singapore, according to prosecutors.

Trunz started his career at Bear Stearns in 2007,...

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