Feature

HSBC Bankers Stick Up For Former Exec Ahead Of Sentencing

Law360 (April 25, 2018, 8:01 PM EDT) -- More than two dozen current HSBC employees have urged a Brooklyn federal judge to go easy in sentencing their former colleague who was convicted of a foreign currency exchange fraud, a somewhat unusual situation since HSBC itself settled criminal claims over the scheme with the U.S. Department of Justice.

Dozens of HSBC employees and friends have asked a judge to be lenient when he sentences a former colleague for foreign currency exchange fraud. (AP) Mark Johnson, HSBC's former head of global foreign exchange cash trading, was convicted in October of orchestrating aggressive trading that drove up the U.S. dollar price for...

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