State Crime Reports High-Frequency Trader Convicted of Disrupting Commodity Futures Market in First Federal Prosecution of ‘Spoofing’ by Press on November 5, 2015 Press Author More in State Crime Reports: Most Fireworks Are Illegal; Violators Face Stiff Fines. July 4, 2024 37 Workers at Ludeman Developmental Targeted in PPP Fraud Probe August 13, 2023 Cook County State’s Attorney Implements New Platform to Process Evidence May 10, 2023 CHICAGO —(ENEWSPF)–November 5, 2015. In the first federal prosecution of its kind, a high-frequency trader was convicted yesterday of disrupting commodity futures prices in a $1.4 million fraud scheme.