Chicago Trader Found Hanged After Indictments
A trader on the Chicago Board of Trade was found hanged today in his suburban home just two days after 46 other traders on Chicago’s two commodities markets were indicted for cheating customers, authorities said.
Michael Sorvillo, 45, of Oak Brook was pronounced dead at the scene at 2 a.m. after a friend found his body, Du Page County Coroner Richard Gallinger said.
It was unclear whether Sorvillo was among the 100 traders expected to be indicted in the next phase of the FBI’s Operation Sourmash, a 2 1/2-year undercover investigation that led to racketeering, mail fraud and conspiracy indictments against traders in the CBOT’s soybean and bond pits and the Japanese yen and Swiss franc pits at the Chicago Mercantile exchange.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
