Article: Ex-Deutsche Traders Urge 2nd Circ. To Nix Libor Convictions

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Ex-Deutsche Traders Urge 2nd Circ. To Nix Libor Convictions

Stewart Bishop, 14 April 2021

Two former Deutsche Bank traders on Wednesday argued that the Second Circuit should reverse their convictions for Libor-rigging, saying the government failed to prove they violated any of the applicable rules governing the benchmark interest rate.

Matthew Connolly and Gavin Black in 2018 were convicted at trial of wire fraud and conspiracy for their roles in a purported scheme to tweak lending estimates included in Libor to benefit the bank’s derivatives trading positions. Continue reading “Article: Ex-Deutsche Traders Urge 2nd Circ. To Nix Libor Convictions”

Article: Russian and British national guilty of elaborate $1 million fraud following private prosecution

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Russian and British national guilty of elaborate $1 million fraud following private prosecution

Edmonds, Marshall, McMahon, 13 December 2017

On the 13th December 2017, Andrey Kulich was unanimously convicted in a private prosecution for his involvement in a $1 million conspiracy to defraud Argyn Khassenov, following a four-week trial at Birmingham Crown Court.

Andrey Kulich, a Russian and British national, of Newham Bridge, Worcestershire, was sentenced to a total of 5 years imprisonment and confiscation proceedings will follow.

Commenting on the case, Tamlyn Edmonds, Partner at Edmonds Marshall McMahon who was instructed by the victim of the fraud, Argyn Khassenov, said: Continue reading “Article: Russian and British national guilty of elaborate $1 million fraud following private prosecution”

Article: Home Capital stock in turmoil after anonymous short seller’s post

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Home Capital stock in turmoil after anonymous short seller’s post

TAMSIN MCMAHON, 24 August 2016

Shares of Home Capital Group Inc. were on a roller coaster this week after a popular investor website accused the company of hiding losses by selling bad mortgages to a firm run by one of its board members.

A report posted by someone identifying as a Home Capital short seller called “The Friendly Bear” on the website Seeking Alpha on Tuesday highlighted more than a dozen mortgages that Home Capital transferred last year to a mortgage brokerage called Re-Charge Corp, based in Ancaster, Ont. One of Re-Charge’s directors is William J. Walker, a partner in the Hamilton office of law firm Gowling WLG. Home Capital appointed Mr. Walker to its board as an independent director last November.
Continue reading “Article: Home Capital stock in turmoil after anonymous short seller’s post”