Smith will begin his sentence on Jan. 15, Chicago US District Judge Edmond Chang said in court on Tuesday, Bloomberg reported.“You told many lies to the market,” Chang told the fraudster. “For many years, you injected fraud into the market.”Prosecutors had originally wanted Smith to spend six years behind bars, according to Bloomberg, though it was revised to 23 months for an undisclosed reason.
Edmonds — the first on the desk to plead guilty to market manipulation back in 2018 — said that he’d work toEdmonds testified that he learned how to “spoof” trades from colleagues at JPMorgan, where he executed as many as 400 of the fraudulent transactions, which he added was “expected” of everyone on the desk.
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