Jitesh Thakkar, the Chicago computer programmer charged with aiding and abetting a market manipulation by supplying software, was back in court on Wednesday. Thakkar’s attorney, Renato Mariotti, presented his motion for summary judgment at least to forestall lengthy discovery by the CFTC.
This year, early September is back-to-federal-court time in Chicago. Three of our favorite cases have seen some recent action in the Dirksen Building.CFTC v Kraft and Mondelez. Last week, the CFTC asked to move the date of the evidentiary...
Thursday afternoon as part of the FIA Law & Compliance Conference, Marc Nagel, attorney advisor to the derivatives training firm Exchange Analytics, moderated a panel composed of attorneys Gary DeWaal and Renato Mariotti discussing the...
Get a FREE 90 day trial of John Lothian Newsletter Observations & Insight Double Jeopardy, Sort Of - U.S. v Thakkar Thom Thompson - John Lothian News As just about everyone who reads this newsletter knows, the criminal case brought by the...
Get a FREE 90 day trial of John Lothian Newsletter First ReadEditor's Note: The following was sent to John Lothian News from Renato Mariotti, the attorney who defended Jitesh Thakkar, and Holly Campbell, who assisted with the defense, both of...
The recent case of United States v. Jitesh Thakkar demonstrated extraordinary government overreach that could result in a non-trader being liable for millions of dollars in trading losses even though the non-trader had no knowledge of the...
The trial of Jitesh Thakkar for aiding and abetting two instances of spoofing - which were executed by the convicted mega spoofer Navinder Sarao, whom Thakkar never met - ended Tuesday afternoon at about 4:30 when Judge Robert Gettleman...
Closing arguments in the trial US v Thakkar took place Monday in a long morning for the jury, lasting about three hours. After the charge of conspiracy to spoof was dismissed by Judge Gettleman last week, Jitesh Thakkar still faces two charges...
Thakkar acquitted of conspiracy In a move that surprised the courtroom, the defense in the trial of U.S. v Jitesh Thakkar rested its case shortly before 1:00 p.m. on Thursday afternoon. Thakkar’s attorney, Renato Mariotti, had called no...
In an abbreviated third trial day, the U.S. Department of Justice rested its case against Jitesh Thakkar and Edge Financial Technologies. Thakkar is on trial for allegedly facilitating the criminally fraudulent spoofing trading of Navinder...
The second day in US v Jitesh Thakkar and Edge Financial Technology began Tuesday morning with defense attorney Renato Mariotti’s cross examination of Navinder Sarao, the prosecution’s headline witness. Sarao, a cooperating witness, is...
April 1, 2019 was the first day in the criminal trial U.S. v Thakkar, in which the government charges that Jitesh Thakkar aided and abetted spoofing in a manipulative and deceptive scheme carried out by another person. It is a serious...
First Read Lessons From the "Not Guilty" Verdict in This Week's Criminal Spoofing Trial Renato Mariotti Mariotti is a former federal prosecutor who spent almost 10 years investigating and prosecuting hundreds of cases in a wide variety of areas and is now a defense...
Wednesday's stunning "not guilty" verdict in United States v. Andre Flotron, only the second spoofing case ever taken to trial, is a reminder that it is extremely difficult for prosecutors to prove a defendant's intent beyond a...
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