(Bloomberg) -- Glen Point Capital co-founder Neil Phillips should serve two years in prison for manipulating the US dollar-South African rand exchange rate, ...
-- Glen Point Capital co-founder Neil Phillips should serve two years in prison for manipulating the US dollar-South African rand exchange rate, federal prosecutors argued in a court filing .Jamie Dimon Says Succession at JPMorgan Is ‘Well on the Way’The 54-year-old former hedge fund executive was convicted of a single count of commodities fraud by a jury in October after a weeklong trial. Prosecutors had accused him of directing $725 million in trades on Dec.
“It would also send the wrong message to the industry that fraud committed through trading is a lesser offense than any other form of fraud,” they told the court. Check out IBKR Desktop - Our next-gen trading platform combines streamlined design and powerful tools to help you succeed. Your capital is at risk.Scottie Scheffler's Louisville court date postponed after arrest during PGA Championship
In the early morning hours of July 23, two men broke into the Petits' Cheshire, Conn., home, held the family hostage for hours and assaulted themGlobal News has learned that serial killer Robert Pickton has been attacked in prison. His current condition is unknown at this time.They’ve been stuck for 7 weeks on the ship that crashed into a Baltimore bridge.
Bloomberg Federal Prosecutors Glen Point Glen Point Capital Court Filing
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BEYOND LOCAL: Peacock sightings have Glen Williams locals flocking to social mediaWe found out where Blue hails from, and why residents keep seeing him around the hamlet
Read more »
Ex-NBA Player Glen ‘Big Baby’ Davis Gets 40 Months for FraudFormer National Basketball Association player Glen “Big Baby” Davis was ordered to spend more than three years behind bars for participating in a scheme to defraud the league’s health care plan out of millions of dollars.
Read more »
Saint John MLA Glen Savoie takes on Environment and Climate Change portfolioExplore stories from Atlantic Canada.
Read more »
Glen Powell Finally Addresses Viral Theory About Him And Sydney SweeneyMarco Margaritoff is a reporter on the HuffPost trends team. He covers viral news from the weird and absurd to serious political issues. He’s based in New York. Send Marco tips at marco.margaritoffhuffpost.com.
Read more »
Phillips 66 to Buy Pinnacle Midland for $550 Million in CashPhillips 66 agreed to acquire Pinnacle Midland Parent LLC for $550 million in cash from private equity firm Energy Spectrum Capital, allowing it to expand natural gas processing in the Midland Basin.
Read more »
Hedge Fund Manager Phillips Doesn’t Deserve Prison, Lawyers SayGlen Point Capital co-founder Neil Phillips, who was found guilty last year of manipulating the US dollar-South African rand exchange rate, shouldn’t have to serve any time in prison, his lawyers argued in a court filing.
Read more »