Ex-HSBC Exec Says Ciminelli Should End $3.5B Fraud Rap

Ex-HSBC Exec Says Ciminelli Should End $3.5B Fraud Rap By Stewart Bishop A former HSBC foreign currency executive has asked a New York federal court to vacate his trial conviction and sentence for defrauding one of the bank's clients, Cairn Energy PLC, in a $3.5 billion currency deal, citing the recent U.S. Supreme Court ruling nullifying the theory of his conviction. Read full article » | Save to favorites » https://www.law360.co.uk/financial-services-uk/articles/1704883?nl_pk=4fb4178d-225f-4ebc-8adb-2c927e9ee7ec&utm_source=newsletter&utm_medium=email&utm_campaign=financial-services-uk&utm_content=2023-07-28&read_main=1&nlsidx=0&nlaidx=5