Dead Banker’s Aides Guilty Over Secret Credit Suisse Stash
Gaspard Sebag, 24 June 2021
Late M&A banker Jean-Marc Forneri’s Swiss lawyer and wealth manager were found guilty of helping him conceal assets and dodge taxes in a French crackdown on those who facilitate financial crime.
The Swiss lawyer, John Metzger, was given an 18-month suspended sentence and a fine of 300,000 euros ($359,000) by the Paris criminal court on Thursday and the wealth manager, Michel Glas, got a one-year suspended term and a 150,000 euro penalty. Continue reading “Article: Dead Banker’s Aides Guilty Over Secret Credit Suisse Stash”
Morgan Stanley Fined $22 Million for Rigging Bond Markets
Gaspard Sebag, Stephanie Bodoni
Bloomberg, 10 December 2019
Morgan Stanley was fined 20 million euros ($22.1 million) by French regulators after the bank’s London desk was accused of using “pump and dump” tactics to manipulate sovereign bond prices.
The Autorite des Marches Financier’s enforcement committee said that the bank manipulated the prices of 14 French government bonds and 8 Belgian bonds in June 2015. The lender also manipulated the price of a French government bond futures contract, the AMF said in a statement Tuesday.
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