These crawls are part of an effort to archive pages as they are created and archive the pages that they refer to. That way, as the pages that are referenced are changed or taken from the web, a link to the version that was live when the page was written will be preserved.Then the Internet Archive hopes that references to these archived pages will be put in place of a link that would be otherwise be broken, or a companion link to allow people to see what was originally intended by a page's authors.The goal is to fix all broken links on the web . Crawls of supported "No More 404" sites. ||||| CHICAGO (Reuters) - A U.S. judge sentenced futures trader Michael Coscia to three years in prison on Wednesday, a lighter punishment than prosecutors had sought for the first person criminally convicted of the manipulative trading practice of spoofing. 
 
 Coscia also was sentenced to two years of supervised release from jail, in a case that was closely watched by traders who want to avoid similar charges and market regulators. 
 
 Spoofing involves placing bids to buy or offers to sell futures contracts with the intent to cancel them before execution. By creating an illusion of demand, spoofers can influence prices to benefit their market positions. 
 
 Prosecutors had asked U.S. Judge Harry Leinenweber to lock up Coscia, owner of New Jersey-based Panther Energy Trading, for as long as seven years and three months after he was convicted last year of spoofing and commodities fraud. 
 
 Leinenweber told a packed courtroom in Chicago that Coscia’s typical earnings of about $150,000 per month tripled while he was spoofing markets in 2011. 
 
 “It’s hard to see why he was doing that other than greed,” the judge said. 
 
 Coscia, who had denied wrongdoing during his trial, said in short prepared remarks at the sentencing: “I stand here convicted and shamed because of my actions.” 
 
 Stephen Senderowitz, one of Coscia’s attorneys, said he would appeal the conviction, partly because the government did not sufficiently show that other traders lost money as a result Coscia’s actions. 
 
 The trader embraced more than a dozen family members and friends after the sentencing. He must report to prison by Sept. 30. 
 
 Prosecutors and regulators hope Coscia’s prison term will discourage other traders from trying to spoof markets. His prosecution was the first under an anti-spoofing provision of the 2010 Dodd-Frank financial reform. 
 
 Coscia was accused of using computer algorithms to quickly place large orders that he never intended to execute into markets run by CME Group and Intercontinental Exchange. 
 
 “Initially, there was skepticism that the government could pull this off. I don’t think that skepticism is around anymore,” said Renato Mariotti, a former assistant U.S. attorney who prosecuted Coscia last year. 
 
 Mariotti, now a partner at the law firm Thompson Coburn, added that more spoofing indictments were likely soon. 
 
 Last year, the U.S. Justice Department and U.S. Commodity Futures Trading Commission also brought criminal and civil spoofing charges against Navinder Sarao, a London-based trader accused of market manipulation that contributed to the May 2010 “flash crash” in which the Dow Jones Industrial Average briefly plunged more than 1,000 points. Sarao has denied the allegations. 
 
 Coscia’s case is U.S. v. Coscia, 14-cr-00551, U.S. District Court, Northern District of Illinois. ||||| The first U.S. trader to be convicted of using a bluffing tactic called “spoofing” after it was made illegal by the Dodd-Frank law was sentenced Wednesday to three years in prison. 
 
 Prosecutors had sought a sentence of at least five years and 10 months, while lawyers for the trader, 54-year-old Michael Coscia, had asked for probation. In November, a Chicago jury found him guilty of manipulating commodity futures prices in a scheme...
– Futures trader Michael Coscia has earned himself a footnote in books about financial crime and a cell in a federal prison for three years after becoming the first person ever convicted of "spoofing" in the US. Coscia, the 54-year-old chief of the Panther Energy Trading firm, was the first to end up in court after the 2010 Dodd-Frank financial overhaul banned spoofing, which involves using algorithms to place orders the trader has no intention of executing, the Wall Street Journal reports. The tactic is used to shift prices in the trader's favor, and prosecutors say it tripled Coscia's earnings of $150,000 a month in 2011, reports Reuters. Prosecutors explained how Coscia manipulated prices in such markets as soybean meal, British pounds, and coppers, using an algorithm for high-frequency trading, Bloomberg reports. "It's hard to see why he was doing that other than greed," said US District Judge Harry Leinenweber in Chicago, who sentenced Coscia to two years less than prosecutors had sought. The trader plans to appeal the conviction but may still have to report to federal prison by Sept. 30. He has already paid a $3 million fine. Former prosecutor Renato Mariotti says that when the case first surfaced, many people thought the government wouldn't be able to prove its case. "I think that skepticism is gone," he says. "I think any trader who hears this sentence has to be thinking, 'I don't want to go to jail.'" (The SEC is trying to rein in high-frequency trading.)