Ex-Employees Said Under Investigation For Allegedly Supplying Women To Clients

Pointing The Finger

Just when we thought we'd heard everything.

OK, we've actually heard worst - it's certainly not as bad as dwarf-tossing. 

Read more: Draft-Tossing - The Rules

Or making up a porn story and getting fired.

Or losing your memory stick which had fairly lewd photos of yourself on, which were subsequently emailed to some of your work colleagues.

Or even being asked to leave as you allegedly had a bit too much to drink one night and sent out an email to colleagues warning them off an IT professional who apparently had an eye for the ladies (she had seen him in action).

But this is 2013, and these things just don't happen now (do they ?). Actually, they don't - the alleged actions took place a few years back and have only just come to light.

The Financial Times reports that three former employees of Tradition, the interdealer broker, are under investigation by City of London police for allegedly submitting fraudulent expenses, including some in relation to the supply of escorts to employees of the Libyan Investment Authority in the hope of securing future business.

A former Tradition executive and two other ex-employees are all under police scrutiny after the UK financial regulator referred the case to police in the wake of a wider review of the business practices of the interdealer broker industry, people familiar with the investigation told the Financial Times.

Hit the link below to access the complete Financial Times article:

Probe into brokers, escorts and Libyans (subscriber content)

image: © Lisamarie Babik

JefferiesAnd the Best Place to Work in the global financial markets 2016 is...

Register for Financial Markets News Alerts