No. 22-419

Cedric Chanu v. United States

Lower Court: Seventh Circuit
Docketed: 2022-11-04
Status: Denied
Type: Paid
Experienced Counsel
Tags: circuit-split commodities-exchange criminal-procedure ends-of-justice financial-misrepresentation financial-transaction implied-misrepresentation speedy-trial-act wire-fraud
Key Terms:
AdministrativeLaw Environmental SocialSecurity Securities Immigration
Latest Conference: 2023-01-20
Related Cases: 22-402 (Vide)
Question Presented (AI Summary)

Whether the federal wire fraud statute criminalizes any 'implied misrepresentation' that induces another to enter into a financial transaction, even when the alleged misrepresentation relates to a fact extrinsic to the essential elements of the bargain

Question Presented (OCR Extract)

QUESTIONS PRESENTED Petitioner traded precious metals futures contracts on the COMEX, an electronic commodities exchange regulated by the Commodities Exchange Act. The government alleged that between 2008 and 2013 Petitioner engaged in “spoofing”—1.e., placed orders that he intended to cancel before a counter-party filled them. The government indicted Petitioner for wire fraud, 18 U.S.C. 1348, alleging that his spoofing “deceive[d] other traders * * * regarding supply or demand” and thereby “induce[d] such traders into trading precious metals futures contracts at prices, quantities, and times that they would not have otherwise.” App.234a. The jury convicted Petitioner at a trial that did not occur until 26 months after the government indicted Petitioner. This petition presents the following questions on which the circuits are split: (1) Whether the federal wire fraud statute criminalizes any “implied misrepresentation” that induces another to enter into a financial transaction, even when the alleged misrepresentation relates to a fact extrinsic to the essential elements of the bargain, a question that this Court likely will address in Ciminelli v. United States, No. 21-1170. (2) Whether the Speedy Trial Act allows a district court to enter a retroactive “ends-of-justice” exclusion of time based on after-the-fact “ends-of-justice” findings, to “cure” a Speedy Trial Act violation that already has occurred. (1)

Docket Entries

2023-01-23
Petition DENIED.
2023-01-09
2023-01-04
DISTRIBUTED for Conference of 1/20/2023.
2023-01-03
Waiver of the 14-day waiting period for the distribution of the petition pursuant to Rule 15.5 filed by petitioner.
2022-12-02
Motion to extend the time to file a response is granted and the time is extended to and including January 4, 2023.
2022-12-01
Motion to extend the time to file a response from December 5, 2022 to January 4, 2023, submitted to The Clerk.
2022-11-02

Attorneys

Cedric Chanu
Aaron Michael KatzAaron Katz Law LLC, Petitioner
Aaron Michael KatzAaron Katz Law LLC, Petitioner
United States
Elizabeth B. PrelogarSolicitor General, Respondent
Elizabeth B. PrelogarSolicitor General, Respondent