Barclays and Deutsche Bank’s former bankers convicted of fraud in EURIBOR manipulation case LeapRate

July 13, 2018 BY Valentina Kirilova

Barclays and Deutsche Bank's former bankers convicted of fraud in EURIBOR manipulation case

Two former senior bankers have been convicted for manipulating the Euro Interbank Offered Rate (EURIBOR) at the height of the financial crisis following an investigation and prosecution brought by the Serious Fraud Office. Phillipe Moryoussef, formerly of Barclays Bank, was found guilty on 29th June 2018 by a jury. The conviction follows a guilty plea…

June 20, 2017 BY Valentina Kirilova

Four senior Barclays executives charged by UK Serious Fraud Office in Qatar fundraising

The Serious Fraud Office (SFO) announced that has today charged Barclays Plc and four individuals with conspiracy to commit fraud and the provision of unlawful financial assistance contrary to the Companies Act 1985. The four people charged, former senior executives with Barclays PLC, include: John Silvester Varley (age 61), the former Chief Executive Officer of…

October 20, 2016 BY Valentina Kirilova

BlackfortFX's Jimmie McNicholl finally charged as administrator reveals size of Ponzi scheme

A man has appeared in the Christchurch District Court today on charges filed by the Serious Fraud Office (SFO) in relation to an alleged foreign exchange (Forex) trading scheme purportedly operated by Arena Capital Limited trading as BlackfortFX. Jimmie McNicholl has been charged under the Crimes Act with one charge of ‘Obtaining by deception’. Another…

April 19, 2016 BY Maria Nikolova

UK court orders boiler room fraudsters to pay £11 million in compensation

Southwark Crown Court today ordered convicted fraudsters Jeffrey Revell-Reade and Anthony May to pay a total of £11, 001,000 in compensation, following an investigation by the UK Serious Fraud Office into a large-scale boiler room fraud. Jeffrey Revell-Reade, 51, was ordered to pay a £10,751,000 confiscation order, whereas Anthony May, 60, was ordered to pay…

February 09, 2016 BY Maria Nikolova

UK SFO Director David Green has his contract extended by 2 years

The Attorney General Jeremy Wright QC MP today announces that the Director of the UK Serious Fraud Office (SFO) David Green CB QC has just his contract extended by 2 years. Mr Green was initially named SFO Director in April 2012 for a fixed term due to end in April this year. Given the latest…

October 26, 2015 BY Maria Nikolova

UK's SFO continues investigation into Global Forex Investments, Global Forestry Investments

The UK Serious Fraud Office (SFO) has provided an update regarding its investigation into Global Forex Investments and Global Forestry Investments, fraudulent investment schemes that have led to multi-million losses for UK investors. The start of the criminal investigation was officially announced in February this year, when the SFO asked people who have invested funds…

December 22, 2014 BY Andrew Saks-McLeod

Labour Party treasury minister "wants to see more arrests"

Law enforcement agencies in Britain are beginning to arrest individual traders who were employed by banks involved in the FX rate manipulation, with British government officials and city veterans calling for more arrests and criminal prosecutions

December 19, 2014 BY Mike Fox

Serious Fraud Office arrests former London trader

British national daily newspaper the Guardian is reporting late this Friday afternoon that the UK's top fraud prosecutor has arrested a former City trader in relation to its criminal investigation into whether individual traders rigged the $5.3tn-a-day FX market. The Serious Fraud Office confirmed that it had arrested a man in Billericay, Essex, today with the help of the City of…

January 30, 2014 BY Gerald Segal

LeapRate Forex Fraud Watch - Trader jailed four years for running a $1.5 million Ponzi scheme in New Zealand

Rene Alan Chalmers will spend 51 months in prison for funds misappropriation and misrepresentation of returns The New Zealand Herald is reporting on a substantial forex Ponzi scheme that was uncovered by the local Serious Fraud Office following complaints from investors with a self-made forex trader. Rene Alan Chalmers has defrauded his investors including family…

Tag: serious fraud office