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City traders convicted of £141 million banking fraud in wake of four-month trial

Two City traders have been sentenced for conspiring to defraud a Russian bank of more than £141 million in a series of complex frauds following an investigation conducted by the City of London Police’s fraud teams. Georgy Urumov, 37, of Greenberry Street, London NW8 was sentenced...
Posted On 29 Jan 2017
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Convicted LIBOR manipulator Tom Hayes ordered to pay £878,806 confiscation order

Tom Hayes, the first individual to be convicted after trial for the manipulation of LIBOR*, has been ordered to pay a confiscation order of £878,806 at Southwark Crown Court, sitting at the Central Criminal Court and the Rolls Building.  Hayes was convicted of eight counts of...
Posted On 23 Mar 2016
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City hedge fund manager convicted of multi-million pound fraud following SFO investigation

A former city hedge fund manager has been convicted following the Serious Fraud Office’s (SFO) investigation into the collapse of Weavering Macro Fixed Income Fund Ltd. Ulf Magnus Michael Peterson, 51, a Swedish national of Otham, Kent was the founding director of Weavering...
Posted On 22 Jan 2015
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