Thursday, April 26, 2018

Former Head of HSBC’s Global Foreign Exchange Cash-Trading Sentenced to Prison for Multimillion-Dollar Front-Running Scheme

The former head of global foreign exchange cash trading at HSBC Bank plc, a subsidiary of HSBC Holdings plc (collectively HSBC), was sentenced to prison today for his role defrauding an HSBC client through a scheme commonly referred to as “front running.” The Court remanded Johnson to the custody of the Bureau of Prisons.

from Justice News https://ift.tt/2r1p0ul
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