In a case brought by the Financial Services Authority (FSA) and heard at Southwark Crown Court, Confiscation Orders (the Orders) totalling £1,534,000 were made today against Christian Littlewood and Angie Littlewood. They were each ordered to pay £767,000 representing the benefit obtained by each of them from insider dealing.
Here's a few links to some interesting Bloomberg, New York Post, New York Times and Reuters stories currently doing the rounds.
When is a bonus promise not a guarantee ? We won't have long to find out.
Over a 20-year career in the financial markets, Jason Geddes worked his way up from a runner on the floor of the London Metal Exchange (LME) to trading futures contracts at Dresdner Kleinwort.