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 Good: Imbecilic Ex-HSBC Currency Trader Convicted Of Fraud In Massive Front-Running Scandal

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Good: Imbecilic Ex-HSBC Currency Trader Convicted Of Fraud In Massive Front-Running Scandal Vide
PostSubject: Good: Imbecilic Ex-HSBC Currency Trader Convicted Of Fraud In Massive Front-Running Scandal   Good: Imbecilic Ex-HSBC Currency Trader Convicted Of Fraud In Massive Front-Running Scandal Icon_minitimeTue Oct 24, 2017 4:25 am
Ex-HSBC currency trader Mark Johnson, who was unwittingly captured on an audio recording saying "I think we got away with it," has just been convicted by a jury in New York of fraud for front-running a $3.5 billion transaction that netted his firm some $8 million in illicit profits.  Per Bloomberg:
 
Former HSBC Holdings Plc currency trader Mark Johnson was found guilty of fraud for front-running a $3.5 billion client order, a victory for U.S. prosecutors as they seek to root out misconduct in global financial markets.

Good: Imbecilic Ex-HSBC Currency Trader Convicted Of Fraud In Massive Front-Running Scandal 2017.10.19%20-%20Mark%20Johnson_0
 
He was convicted on Monday after a month-long trial in Brooklyn, New York.

http://www.zerohedge.com/news/2017-10-23/ex-hsbc-currency-trader-convicted-fraud-massive-front-running-scandal



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