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Two Indian-American Traders Agree to Plead Guilty in Over $60 Million Commodities Fraud

The Justice Department said the charges in the indictment and the two criminal informations are merely allegations, and the defendants are presumed innocent until proven guilty.

Three former commodities traders of a New York-based financial services firm, two of them Indian-American were charged Oct. 11, for their alleged participation in an over $60 million commodities fraud and spoofing conspiracy that was perpetrated through the U.S. commodities markets.  Two of these traders, Kamaldeep Gandhi and Krishna Mohan, have agreed to plead guilty for their respective roles in the alleged criminal conspiracy, the Justice Department said in a press release.

Read it at News India Times

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