In the US the former head of the exchange operations, HSBC was sentenced to two years for fraud

In the US the former head of the exchange operations, HSBC was sentenced to two years for fraud

In the US the former head of the exchange operations, HSBC was sentenced to two years for fraud

 

In the past, the head of the Department of exchange operations of the international Bank HSBC mark Johnson received in the USA 2 years for cheating, said in a statement, the US Federal Prosecutor in Brooklyn (new York) Richard Donoghue.

 

According to the Prosecutor, in addition to his prison term, Johnson was sentenced to a fine of $300,000. The Tribunal considered it to be proved that the banker used the secret information of buyers for his own enrichment. The sentence tells us, in fact, that Johnson and once again the suspect purchased pounds sterling before the exchange operation for $ 3.5 billion for the 1st of the big buyers, because they knew in advance, in fact that this large transaction will lead to a certain increase in the exchange rate of the pound. This way they illegally earned about $ 7.3 million.

 

Johnson said, in fact, that he earned money for the Bank, and the customer received no harm, but the Tribunal with its resonances did not agree.

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