A former Chemical Banking Corp. trader was sentenced to 37 months in prison for concealing a $66 million trading loss amassed through failed bets on Mexican pesos.

Victor Gomez, 36, won't have to pay a criminal fine because he doesn't have the money, U.S. District Judge Michael Mukasey said at a hearing Friday in New York. Mr. Gomez pleaded guilty in September to conspiracy and making false entries in bank records.

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