Former NYPD officer Jason Rodriguez pleaded guilty to conspiracy to commit wire fraud, admitting to deceiving investors in his foreign exchange fund, Technical Trading Team, which lost nearly $3.5 million of the $4.8 million invested. Rodriguez falsely promised safeguards and misappropriated funds for personal luxuries, while his co-founder, Edwin Carrion, also pleaded guilty earlier this year. The Commodity Futures Trading Commission has filed a civil lawsuit against them for misleading investors about their trading practices.