Tag: SFO

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…

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Hong Kong SFC
February 07, 2017 BY Valentina Kirilova

MMT finds Mayer Holdings Ltd culpable of late disclosure of inside information

The Market Misconduct Tribunal (MMT) today found that Mayer Holdings Limited and nine of its current and former senior executives failed to disclose inside information as soon as reasonably practicable as required under the Securities and Futures Ordinance (SFO) following proceedings brought by the Securities and Futures Commission (SFC). The current and former senior executives…

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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…

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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…

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March 23, 2016 BY Maria Nikolova

UK Court issues $1.2 million confiscation order to Tom Hayes

Southwark Crown Court today ordered Tom Hayes, the first individual to be convicted for the manipulation of LIBOR, to pay a confiscation order of £878,806 ($1.24 million). Hayes was convicted of eight counts of conspiracy to defraud in August 2015 and sentenced to 14 years in prison. In December 2015, the sentence was reduced to…

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March 15, 2016 BY Maria Nikolova

UK Serious Fraud Office closes Forex market investigation

The Director of the Serious Fraud Office (SFO) has today closed the authority's investigation into allegations of fraudulent conduct in the foreign exchange market (Forex). The probe was launched in July 2014, as global regulators investigated collusion and price manipulation allegation. The SFO decision comes after what the body called “a thorough and independent investigation…

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January 29, 2016 BY Maria Nikolova

UK Court acquits sixth defendant in LIBOR manipulation case

A jury at Southwark Crown Court on Thursday acquitted Darrell Paul Read, a former employee of ICAP plc (LON:IAP), of all charges related to alleged manipulation of LIBOR. The decision was made one day after other five defendants were found not guilty on counts of conspiring to manipulate LIBOR. Mr Read was found not guilty on…

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January 27, 2016 BY Maria Nikolova

UK Court acquits five individuals of LIBOR manipulation charges

The UK Serious Fraud Office (SFO) today provided an update regarding its criminal investigation into the manipulation of LIBOR. A jury at Southwark Crown Court today found five individuals not guilty of conspiracy to defraud via the alleged manipulation of LIBOR. Colin John Goodman, Danny Martin Wilkinson, Terry John Farr, James Andrew Gilmour and Noel…

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