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.