Credit: valiantsin/Adobe Stock London Hedge Fund Co-Founder Charged with Fraud in US Federal Court
In a statement, U.S. Attorney Damian Williams of the Southern District of New York described market manipulation as "pernicious in all its forms."
September 01, 2022 at 06:00 PM
3 minute read
Litigation
The original version of this story was published on New York Law Journal
The U.S. Attorney's Office for the Southern District of New York on Thursday announced that the co-founder and chief investment officer of a London-based hedge fund has been accused of engaging in a $20 million scheme to artificially manipulate the exchange rate between the U.S. dollar and the South African rand.
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