Golden Clink – Spoofing doesn’t pay

Golden ClinkOne year in the clink for market spoofing, that becomes a serious penalty. And I’m not mentioning the legal fees they must have dropped to defend themselves…


Rule of thumb, if you are doing stuff you shouldn’t be doing, don’t brag about it on chatrooms, especially if you are trying to teach people on how to do it:

  • “I know how to ‘game’ this stuff”
  • “I just put in 500 lots to spoof the gold”
  • “if you spoof this it really moves.”

Anything remembered from LIBOR? Some people just never learn…



Acting Principal Assistant Chief Avi Perry and Trial Attorneys Scott Armstrong and John Liolos of the Criminal Division’s Fraud Section are prosecuting the case. The FBI’s New York Field Office investigated this case.



DOJ Statement Golden Clink

Bloomberg article

Read our privacy policy for info.

Follow on LinkedIn

Click here to follow Gontran de Quillacq

If already following, go to LinkedIn profile

Written by Gontran de Quillacq

Gontran de Quillacq is an expert witness and a legal consultant. He is a recognized authority in options, trading, derivatives, structured products, portfolio management, hedge funds, mathematical finance, quantitative investment, strategy research and financial markets in general.


Submit a Comment

Your email address will not be published. Required fields are marked *

You May Also Like…

Cryptocrook: 7½ years of jail. More like him to come.

Cryptocrook: 7½ years of jail. More like him to come.

You remember our cryptocrook? Quant WizKid, market-neutral hedge fund, Cryptocurrency arbitrage great returns, $90m AUM… Except that it was a Ponzi.
His sentence just came out: 7½ years of jail. Here are the explanation & the context.

read more
Insider trading, Mr. Branson?

Insider trading, Mr. Branson?

Virgin Galactic’s successful flight may have brought joy to Mr. Branson, but it will also bring some after-party headaches.
The entrepreneur and space explorer is accused of basic earthly financial misgivings for this same flight – a pretty serious insider trading issue.

read more

Pin It on Pinterest