A Maryland federal court has convicted a citizen of Israel residing in the United States of three counts of wire fraud and one count of conspiracy for organizing a scheme to market approximately $145 million in binary options. A “binary option” is a financial instrument with an appeal that might remind gamblers of what draws… Read More >>
All Eyes on the Barclays Libor Trial
The outcome of the current Libor trial of five former Barclays traders in London is too difficult to forecast but lawyers expect that a guilty verdict could unleash a wave of other criminal and civil cases as well as lend support to the beleaguered Securities Fraud Office (SFO). “This case has generated a great deal… Read More >>
Traders in Euribor Trials Could Face Jail Time
Although it is too early predict the fate of the six traders charged by the U.K.’s Securities Fraud Office (SFO) for allegedly manipulating Euribor, the unexpectedly long jail sentence of Tom Hayes in a similar case could set a precedent if they are found guilty. Hayes is a former UBS and Citigroup derivatives trader who… Read More >>
