Former trader Jeffrey Donnelly was sentenced to...

Former trader Jeffrey Donnelly was sentenced to three years in prison for defrauding more than $1 million from his employer. U.S. District Judge James Alesia ordered Donnelly to surrender June 1 to begin serving the sentence. Donnelly is a former trader for CRT Services Inc., a member firm of the Chicago Mercantile Exchange. He pleaded guilty Feb. 17 to two counts of commodities fraud. According to a plea agreement, Donnelly admitted defrauding CRT of more than $1 million by diverting money from profitable trades in Standard & Poor’s stock index futures to four accounts.