Try our Advanced Search for more refined results
- Law360
- Law360 UK
- Law360 Pulse
- Law360 Employment Authority
- Law360 Tax Authority
- Law360 Insurance Authority
- Law360 Real Estate Authority
- Law360 Healthcare Authority
- Law360 Bankruptcy Authority
- Products
- Lexis®
- Law360 In-Depth
- Law360 Podcasts
- Rankings
- Regional Powerhouses
- Law360's MVPs
- Women in Law Report
- Law360 400
- Diversity Snapshot
- Practice Groups of the Year
- Rising Stars
- Titans of the Plaintiffs Bar
- Sections
- Adv. Search & Platform Tools
- About all sections
- Browse all sections
- Banking
- Bankruptcy
- Class Action
- Competition
- Employment
- Energy
- Expert Analysis
- Insurance
- Intellectual Property
- Product Liability
- Securities
- Beta Tools
- Track docs
- Track attorneys
- Track judges
USA v. Johnson et al
Case Number:
1:16-cr-00457
Court:
Nature of Suit:
Judge:
Firms
-
June 21, 2023
Feds Drop Forex Fraud Charges Against Ex-HSBC UK Trader
Brooklyn federal prosecutors said Wednesday they will drop charges against a British former HSBC trader who was accused of defrauding a Scottish energy firm in connection with a "massive" forex scheme, citing failed attempts to extradite him and a recent U.S. Supreme Court ruling reining in fraud prosecutions.
-
February 09, 2021
Ex-HSBC Banker Can't Skip Prison, But Wins Vaccine Delay
A former HSBC foreign currency executive can't skip his two-year prison sentence for defrauding a bank client in a $3.5 billion currency deal, but he can put off reporting to prison until he's vaccinated against COVID-19, a Brooklyn federal judge ruled Tuesday.
-
October 23, 2018
UK Top Court Dashes US Hopes To Extradite Ex-HSBC Trader
A British former foreign currency trader at HSBC charged in the U.S. with defrauding a client through a so-called front-running scheme will remain free from prosecution for now, as the U.K.'s highest court has denied an appeal seeking his extradition.
-
August 17, 2018
US Takes Ex-HSBC Trader's Extradition Win To Top UK Court
The U.S. is appealing the denial of extradition of a former HSBC foreign exchange trader to the U.K.'s highest court, prosecutors said Thursday, to face charges in New York alleging he and a colleague defrauded bank client Cairn Energy PLC by trading ahead of a $3.5 billion forex deal for the Scottish oil and gas developer.
-
June 25, 2018
Ex-HSBC Exec Must Spot More Cash To Head To UK On Bail
A New York federal judge on Monday said former HSBC foreign currency exchange executive Mark Johnson will need to come up with twice as much cash for his bail package if he is to return to the U.K. while appealing his conviction for defrauding Cairn Energy PLC in a $3.5 billion currency deal.
-
April 26, 2018
Ex-HSBC Banker Gets 2 Years In Prison For Forex Fraud
Former HSBC foreign currency exchange executive Mark Johnson was sentenced to two years in prison on Thursday and immediately taken into custody following his conviction for defrauding Cairn Energy PLC by front-running a $3.5 billion currency swap in order to make millions of dollars for the bank at the expense of the Scottish oil and gas developer.
-
April 25, 2018
HSBC Bankers Stick Up For Former Exec Ahead Of Sentencing
More than two dozen current HSBC employees have urged a Brooklyn federal judge to go easy in sentencing their former colleague who was convicted of a foreign currency exchange fraud, a somewhat unusual situation since HSBC itself settled criminal claims over the scheme with the U.S. Department of Justice.
-
April 12, 2018
Ex-HSBC Exec Seeks No Prison Over $3.5B Forex Deal
Former HSBC foreign currency exchange executive Mark Johnson on Wednesday asked a New York federal judge to sentence him to no prison time over his conviction for defrauding Cairn Energy PLC by front-running a $3.5 billion currency swap, calling the matter "one black mark" on an otherwise law-abiding life.
-
April 06, 2018
Feds Want 7-Year Prison Term For Ex-HSBC Forex Banker
Prosecutors on Thursday asked a New York federal judge to sentence former HSBC foreign currency exchange executive Mark Johnson to seven years in prison, saying he was the ringleader of a con that defrauded Cairn Energy PLC by front-running a $3.5 billion currency swap in order to make millions of dollars for the bank at the expense of the Scottish oil and gas developer.
-
April 04, 2018
Ex-HSBC Exec's Banker Friends Must Unmask To Defend Him
A convicted former HSBC executive's financial industry friends must reveal their names publicly if they want to push for a lenient sentence for his so-called foreign currency front-running scheme against bank client Cairn Energy PLC, a Brooklyn federal judge ruled Tuesday.