Ex-HSBC trader freed from prison pending appeal

HSBC Canary Wharf

Former HSBC trader Mark Johnson, the first person to be convicted in a global crackdown on currency rigging, was ordered freed from prison as he pursues an appeal arguing that he didn’t know he was breaking U.S. law.

Bloomberg News reports that The U.S. Court of Appeals in Manhattan granted Johnson’s request Tuesday to be released in a brief order. Johnson was sentenced in April to two years behind bars and was immediately taken into custody.

A federal jury in Brooklyn, New York, found Johnson, the bank’s former global head of foreign exchange, guilty of nine counts of wire fraud and conspiracy for front-running a $3.5 billion client order in December 2011. He was convicted in October after a month long trial.

Hit the link below to access the complete Bloomberg News article:

Ex-HSBC's Mark Johnson to Be Freed From Jail Pending Appeal

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