Bloomberg - Former HSBC trader in last-gasp attempt to fight extradition to the U.S.


The former head of currency trading at HSBC a last-gasp attempt to fight extradition to the U.S. and a likely trial to face wire-fraud charges.

Bloomberg News reports that Stuart Scott was charged, along with his ex-boss Mark Johnson, by the U.S. Justice Department in July 2016 with front-running a $3.5 billion currency order from Cairn Energy Plc in 2011 that made the bank $8 million. A London judge ordered his extradition in October.

Johnson was found guilty by a New York jury last year and sentenced to two years in prison, becoming the first person convicted in a global crackdown on currency rigging.

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

Ex-HSBC FX Trader Scott Begins Last-Gasp Extradition Fight

Ex-Jefferies Asia CEO Alexander Joins Crypto Firm



JefferiesAnd the Best Place to Work in the global financial markets 2018 is...

Register for HITC Business News