Legal Opinion
United States v. Michael Coscia
Court of Appeals for the Seventh Circuit
Decided August 7, 2017No. 16-3017PublishedCited by 50 opinions
1Opinion of the Court
RIPPLE, Circuit Judge.
Today most commodities trading takes place on digital markets where the participants utilize computers to execute hyper-fast trading strategies at speeds, and in volumes, that far surpass those common in the past. This case involves allegations of spoofing 1 and commodities fraud in this new trading environment. The Government alleged that Michael Coscia commissioned and utilized a computer program designed to place small and large orders simultaneously on opposite sides of the commodities market in order to create illusory supply and demand and, consequently, to induce…
2Cases cited34 opinions
- Johnson v. United StatesSupreme Court of the United States · 2015
- United States v. LanierSupreme Court of the United States · 1997
- Welch v. United StatesSupreme Court of the United States · 2016
- Christopher J. Farrell v. Corey Burke and Gregory Freeman, Docket No. 05-0169 CvCourt of Appeals for the Second Circuit · 2006
- Lopez v. GonzalesSupreme Court of the United States · 2006
29 more not listed; retrieve them via the Exa API.
3Cited by50 opinions
- Eric White v. UALCourt of Appeals for the Seventh Circuit · 2021
- United States v. Gary SolomonCourt of Appeals for the Seventh Circuit · 2018
- United States v. Michael CosciaCourt of Appeals for the Seventh Circuit · 2021
- United States v. CorriganCourt of Appeals for the Seventh Circuit · 2019
- Hanser v. McDonoughCourt of Appeals for the Federal Circuit · 2022
45 more not listed; retrieve them via the Exa API.