Federal and International

Canadian Man Charged in First Federal Securities Fraud Prosecution Involving ‘Layering’

Washington, DC—(ENEWSPF)—January 13, 2015 – A Canadian man was arrested today for allegedly orchestrating a large-scale, international stock market manipulation scheme in the first federal prosecution of securities fraud involving a high-frequency trading strategy known as “layering,” U.S. Attorney Paul J. Fishman for the District of New Jersey announced.

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Aleksandr Milrud, 50, of Ontario, Canada, and Aventura, Florida, is charged by complaint with one count of conspiracy to commit securities fraud and one count of…

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