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Forex News Ex-HSBC executive sentenced to two years for foreign exchange scheme

Thread starter Peter
Start date Apr 26, 2018

Peter

Active Member

Apr 26, 2018

A former HSBC Holdings Plc (HSBA.L) executive was sentenced to two years in prison on Thursday after he was found guilty by a jury of defrauding Cairn Energy Plc (CNE.L) in a $3.5 billion currency trade in 2011. Mark Johnson, formerly head of HSBCs global foreign exchange cash trading desk, was ...