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Multi Victim Case Notification

United States v. Andre Flotron

3:17cr220(JAM)

 

Case Description:
 

On September 26, 2017, Andre Flotron, a resident of Switzerland, was indicted on one count of conspiracy to commit offenses against the United States.  Floton was a senior trader on UBS’s precious metals trading desk from July 2008 through January 2014.  He allegedly engaged in a form of commodities fraud and market manipulation known as “spoofing,” whereby he placed orders for precious metals futures contracts with the intent that they not be executed, for the purpose of creating the false impression of supply or demand, and thereby manipulating the prices of futures contracts.  In addition, Flotron trained at least one other UBS trader on how to spoof or to trick the market.  Flotron was previously charged by complaint on September 12, 2017, with conspiracy, wire fraud, commodities fraud, and spoofing.  Flotron was arrested by federal authorities on those charges on September 13, 2017.  Trial in this case began on April 16, 2018.  On April 25, 2018, a jury returned a verdict of not guilty.  A copy of the final judgement is attached.

 

Court Documents:


Andre Flotron Final Judgement

Andre Flotron Criminal Complaint

Andre Flotron Indictment

 

Contact Information:

 

For information or assistance, you may call the
Victim Witness toll free line at 1-888-645-5807
or email usact.vns@usdoj.gov

 

Updated April 26, 2018

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