Glen Point Capital's Neil Phillips found guilty of FX fraud
The former hedge fund manager has been convicted of directing $725m in trades to intentionally raise the value of the rand against the US dollar in December 2017.
Source: moneyweb.co.za
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Glen Point Capital's Neil Phillips found guilty of foreign exchange fraud, faces 10 years in prison
The former hedge fund executive faces a maximum of 10 years in prison but will have to wait until March 14 to hear his sentence.
Source: afr.com
Glen Point trial reveals Morgan Stanley tried to buy back option
Morgan Stanley offered to buy back the option on December 18, 2017, starting at $US9 million. Three hours later, the bank said it was willing to pay $US13 million.
Source: afr.com
The Australian bitcoin mogul at the centre of an epic crypto scandal
The Australian bitcoin mogul at the centre of an epic crypto scandal Weâre sorry, this service is currently unavailable. Please try again later. Dismiss Credit:Mark Stehle Normal text size Very large text size If the pictures of Lamborghinis lined up outside bitcoin conferences in Manhattan or jet skis bobbing in the crystal clear waters of Bermuda are anything to go by, working at leading cryptocurrency exchange and derivatives trading platform BitMEX was a sweet gig. That was especially so for its first employee, Australian born and raised Greg Dwyer. Joining BitMEX in 2015, which grew...
Source: theage.com.au