The Justice Department charged the United Kingdom's Navinder Singh Sarao with wire fraud, 10 counts of commodities fraud, 10 counts of commodities manipulation, and one count of spoofing (which is when a trader places a bid or offer with the intent to cancel before execution). (nbr.com)
Commodity fraud happens when you trade with unreliable brokers that do not have your best interest in mind. (moneyahoy.com)
As that office's chief of the securities and commodities fraud task force, Garcia supervised more than 300 cases, including many related to the 2008 financial crisis, insider trading, and fraudulent investment schemes. (amlawdaily.typepad.com)