HSBC Executive Convicted Of Forex Fraud

Law360, New York (October 23, 2017, 12:29 PM EDT) -- A Brooklyn federal jury on Monday convicted former HSBC executive Mark Johnson of defrauding bank client Cairn Energy PLC by scheming to trade ahead of a $3.5 billion foreign currency exchange the Scottish oil and gas developer planned and ramping up the price of British pounds sterling.

Former HSBC currency trader Mark Johnson, seen here leaving court Sept. 18, was found guilty Monday of wire fraud and conspiracy charges. (Getty) The eight-man, four-woman jury deliberated over portions of three days beginning Thursday before finding Johnson, 51,...
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