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Ex-Deutsche Bank Trader Vorley Sentenced to 1 Year for Spoofing Silver in 2008-2013

A former Deutsche Bank AG trader was ordered to serve one year and a day in prison for manipulating gold and silver prices with bogus “spoof” trade orders between 2008 and 2013.

James Vorley, who was convicted of fraud in September, was sentenced Monday by U.S. District Judge John J. Tharp Jr. in Chicago. Vorley’s former co-worker, Cedric Chanu, is scheduled to be sentenced on June 28.

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