Forex - raid do FBI prende 47 em Nova York
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Bom, agora já temos todos os dados da fraude.
Eles faziam as firmas perder dinheiro a favor dos falsos clientes que repartiam com os traders operacionais envolvidos. Marotos...
Gente grande, da Icap, da UBS (maior corretora de forex e conceituado Banco) e de outras:
Nov. 19 (Bloomberg) -- UBS AG, the largest trader in the $1.2 trillion-a-day foreign exchange market, ICAP Plc, and Collins Stewart Tullett Plc are among the companies whose employees were arrested by U.S. federal agents in relation to alleged currency trading fraud.
Forty-seven defendents will be charged today in connection with an 18-month undercover investigation into the foreign exchange trading market, said U.S. Attorney James Comey, in a statement. He will have a press conference at 11 a.m. in New York.
The probe, which Comey said was called `Operation Wooden Nickel', may be the widest investigation into the unregulated foreign exchange market. The charges will include conspiracy, wire fraud, money laundering and securities fraud, the Wall Street Journal said, citing people familiar with the situation.
``The arrests were made midafternoon New York time,'' ICAP spokesman Mike Sheard said in London. The brokers arrested were from the Swiss franc spot trading desk at ICAP's Harlow unit, ICAP said in a statement on the Regulatory News Service. The employees arrested ``had no ability to trade as principal on behalf of ICAP,'' the statement said
Three ICAP brokers were arrested at their Jersey City, New Jersey, office, said Sheard. One UBS employee was arrested, said Rudolf Buergin, a UBS spokesman in Zurich. A Collins Stewart Tullett employee in New York was arrested, said Emma Kane, a spokeswoman for the company in London.
Interdealer Brokers
About 60 percent of currency sales derive from banks trading between themselves, typically using electronic systems such as London-based EBS, though banks do also use so-called interdealer brokers such as ICAP. Currency traders collect about 1/100th of a percentage point on the value of a transaction -- the fee is an industry average.
For UBS, the largest currency trader according to a survey by Euromoney magazine, that means revenue of at least $1.5 million per day. As of the beginning of August, an increasing reliance on electronic transaction had allowed UBS to cut the number of traders to fewer than 30 worldwide from about 85 in 1999.
In the alleged fraud, employees of UBS and J.P. Morgan engineered trades in which their firms lost money and their customers made money, the Journal said. The banks' employees then secretly arranged to share in the customers' profits on the trades, the unidentified people cited by the Journal said.
Investigation
``We are conducting our own investigation to determine how this happened,'' UBS's Buergin said. ``We are cooperating with the authorities in the U.S.'' UBS, Europe's largest bank, is the biggest trader in the $1.2 trillion a day global currency market, according to Euromoney magazine's annual rankings.
Adam Castellani, a spokesman for J.P. Morgan, declined to comment. J.P. Morgan is No. 4 in the currency market. London- based ICAP acts as a go-between for investment banks that trade bonds, currencies and derivatives, or contracts pegged to other assets. The New Jersey office is the firm's second largest, with almost 500 brokers, according to ICAP's Web site.
``My understanding is that the FBI have said it relates entirely to the individual and not to the company,'' said Collins Stewart's Kane in an interview of the employee who was arrested.
Allied Irish
In January, John Rusnak, a former foreign exchange trader at Allied Irish Banks Plc, was sentenced to 7 1/2 years in prison for hiding $691 million in losses at the bank's Baltimore-based Allfirst Financial Inc. unit. The scandal led to Allied Irish's decision to sell Allfirst to M&T Bank Corp.
Shares in ICAP fell as much as 100 pence, or 7 percent, to 1,327 pence. They traded at 1,365 pence at 12:32 p.m. in London. Shares of London-based broker Collins Stewart declined 4.75 pence, or 1.2 percent, to 379.25.
Michael Drewniak, a spokesman for the U.S. attorney in New Jersey said he had no information on the case. Bryan Sierra, a spokesman for the Department of Justice in Washington couldn't immediately be reached for comment. Jim Margolin, a spokesman for the FBI in New York, declined to comment.
UBS has more than tripled its share of the global currency market since 2001 to 11.5 percent. J.P. Morgan, the second- largest U.S. bank, has a 6.5 percent share, according to Euromoney.
The raids targeted people at more than a dozen currency- trading firms, the Journal said, citing a person familiar with the case. Arrests may come in other East Coast cities, the Associated Press reported, without saying where it got the information.
Madison Deane
The FBI arrested seven people at Madison Deane & Associates Inc., Reuters said, citing an unidentified employee at the firm. Three partners, three vice presidents and one broker were led away in handcuffs at about 5:30 p.m. New York time, the report said. The FBI told employees that $4 million was stolen from clients, with money taken out of Individual Retirement Accounts, Reuters said.
Last month, the Commodity Futures Trading Commission charged A.S. Templeton and two of its officers with stealing about $6 million from more than 300 of the currency-trading firm's clients.
The move was part of the commission's efforts to crack down on fraud in currency-futures trading. Since December 2000, the commission has filed more than 40 cases involving $177 million taken from at least 3,500 investors.
Pelo menos, há quem trabalhe para combater a fraude.
Abraço
dj
Eles faziam as firmas perder dinheiro a favor dos falsos clientes que repartiam com os traders operacionais envolvidos. Marotos...
Gente grande, da Icap, da UBS (maior corretora de forex e conceituado Banco) e de outras:
Nov. 19 (Bloomberg) -- UBS AG, the largest trader in the $1.2 trillion-a-day foreign exchange market, ICAP Plc, and Collins Stewart Tullett Plc are among the companies whose employees were arrested by U.S. federal agents in relation to alleged currency trading fraud.
Forty-seven defendents will be charged today in connection with an 18-month undercover investigation into the foreign exchange trading market, said U.S. Attorney James Comey, in a statement. He will have a press conference at 11 a.m. in New York.
The probe, which Comey said was called `Operation Wooden Nickel', may be the widest investigation into the unregulated foreign exchange market. The charges will include conspiracy, wire fraud, money laundering and securities fraud, the Wall Street Journal said, citing people familiar with the situation.
``The arrests were made midafternoon New York time,'' ICAP spokesman Mike Sheard said in London. The brokers arrested were from the Swiss franc spot trading desk at ICAP's Harlow unit, ICAP said in a statement on the Regulatory News Service. The employees arrested ``had no ability to trade as principal on behalf of ICAP,'' the statement said
Three ICAP brokers were arrested at their Jersey City, New Jersey, office, said Sheard. One UBS employee was arrested, said Rudolf Buergin, a UBS spokesman in Zurich. A Collins Stewart Tullett employee in New York was arrested, said Emma Kane, a spokeswoman for the company in London.
Interdealer Brokers
About 60 percent of currency sales derive from banks trading between themselves, typically using electronic systems such as London-based EBS, though banks do also use so-called interdealer brokers such as ICAP. Currency traders collect about 1/100th of a percentage point on the value of a transaction -- the fee is an industry average.
For UBS, the largest currency trader according to a survey by Euromoney magazine, that means revenue of at least $1.5 million per day. As of the beginning of August, an increasing reliance on electronic transaction had allowed UBS to cut the number of traders to fewer than 30 worldwide from about 85 in 1999.
In the alleged fraud, employees of UBS and J.P. Morgan engineered trades in which their firms lost money and their customers made money, the Journal said. The banks' employees then secretly arranged to share in the customers' profits on the trades, the unidentified people cited by the Journal said.
Investigation
``We are conducting our own investigation to determine how this happened,'' UBS's Buergin said. ``We are cooperating with the authorities in the U.S.'' UBS, Europe's largest bank, is the biggest trader in the $1.2 trillion a day global currency market, according to Euromoney magazine's annual rankings.
Adam Castellani, a spokesman for J.P. Morgan, declined to comment. J.P. Morgan is No. 4 in the currency market. London- based ICAP acts as a go-between for investment banks that trade bonds, currencies and derivatives, or contracts pegged to other assets. The New Jersey office is the firm's second largest, with almost 500 brokers, according to ICAP's Web site.
``My understanding is that the FBI have said it relates entirely to the individual and not to the company,'' said Collins Stewart's Kane in an interview of the employee who was arrested.
Allied Irish
In January, John Rusnak, a former foreign exchange trader at Allied Irish Banks Plc, was sentenced to 7 1/2 years in prison for hiding $691 million in losses at the bank's Baltimore-based Allfirst Financial Inc. unit. The scandal led to Allied Irish's decision to sell Allfirst to M&T Bank Corp.
Shares in ICAP fell as much as 100 pence, or 7 percent, to 1,327 pence. They traded at 1,365 pence at 12:32 p.m. in London. Shares of London-based broker Collins Stewart declined 4.75 pence, or 1.2 percent, to 379.25.
Michael Drewniak, a spokesman for the U.S. attorney in New Jersey said he had no information on the case. Bryan Sierra, a spokesman for the Department of Justice in Washington couldn't immediately be reached for comment. Jim Margolin, a spokesman for the FBI in New York, declined to comment.
UBS has more than tripled its share of the global currency market since 2001 to 11.5 percent. J.P. Morgan, the second- largest U.S. bank, has a 6.5 percent share, according to Euromoney.
The raids targeted people at more than a dozen currency- trading firms, the Journal said, citing a person familiar with the case. Arrests may come in other East Coast cities, the Associated Press reported, without saying where it got the information.
Madison Deane
The FBI arrested seven people at Madison Deane & Associates Inc., Reuters said, citing an unidentified employee at the firm. Three partners, three vice presidents and one broker were led away in handcuffs at about 5:30 p.m. New York time, the report said. The FBI told employees that $4 million was stolen from clients, with money taken out of Individual Retirement Accounts, Reuters said.
Last month, the Commodity Futures Trading Commission charged A.S. Templeton and two of its officers with stealing about $6 million from more than 300 of the currency-trading firm's clients.
The move was part of the commission's efforts to crack down on fraud in currency-futures trading. Since December 2000, the commission has filed more than 40 cases involving $177 million taken from at least 3,500 investors.
Pelo menos, há quem trabalhe para combater a fraude.
Abraço
dj
Cuidado com o que desejas pois todo o Universo pode se conjugar para a sua realização.
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- Mensagens: 9139
- Registado: 10/11/2002 19:32
- Localização: Planeta Algarve
A brincar a brincar esta notícia pode sinalizar o ínicio do fim deste bear rallie market (ou dizer q o mercado está-se a borrifar para isto e quer mas é subir...)...
vamos ver as consequências destas prisões em wally... é que elas n estavam descontadas no mercado...
Um abraço
Nunofaustino
vamos ver as consequências destas prisões em wally... é que elas n estavam descontadas no mercado...
Um abraço
Nunofaustino
Pluricanal... não obrigado. Serviço péssimo e enganador!!!
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- Registado: 5/11/2002 5:10
- Localização: Portugal
fui eu que fiz queixa, porque no jogo estava curto em EUR/USD, e esses senhores, só para eu não ganhar o prémio semanal, fizeram subir o euro até aos 19....
É para aprenderem, e ainda está em investigação a ultima queda até aos 1,15..altura em que eu estava longo, que eu também suspeito que tenha sido pelo mesmo motivo
cumps
É para aprenderem, e ainda está em investigação a ultima queda até aos 1,15..altura em que eu estava longo, que eu também suspeito que tenha sido pelo mesmo motivo
cumps
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- Registado: 30/11/2002 0:36
- Localização: Amadora
Soube-se agora que dos detidos, 3 traders têm ordem de prisão confirmada pelo FBI e são da corretora ICAP:
NEW YORK (Reuters) - Three brokers at the inter-dealer brokerage ICAP (IAP.L) were arrested in New York on Tuesday in a case relating to the foreign exchange market, according to a source familiar with the matter.
NEW YORK (Reuters) - Three brokers at the inter-dealer brokerage ICAP (IAP.L) were arrested in New York on Tuesday in a case relating to the foreign exchange market, according to a source familiar with the matter.
Cuidado com o que desejas pois todo o Universo pode se conjugar para a sua realização.
-
- Mensagens: 9139
- Registado: 10/11/2002 19:32
- Localização: Planeta Algarve
Forex - raid do FBI prende 47 em Nova York
É uma notícia de última hora, não há detalhes sobre que firmas estão envolvidas, o FBI promete detalhes para amanhã. Sabe-se apenas que estão ligados ao Forex e que terão cometido fraudes lesando clientes em milhões de dólares em falsos trades:
NEW YORK (Reuters) - Federal officials are in the process of arresting 47 people in connection with a foreign currency trading matter, CNBC reported on Tuesday, citing NBC News.
Law enforcement officials were seen outside Two World Financial Center in lower Manhattan, CNBC said. At least 10 people have exited the building in handcuffs, it said.
It was not immediately clear which companies were involved.
NEW YORK (Reuters) - Federal officials are in the process of arresting 47 people in connection with a foreign currency trading matter, CNBC reported on Tuesday, citing NBC News.
Law enforcement officials were seen outside Two World Financial Center in lower Manhattan, CNBC said. At least 10 people have exited the building in handcuffs, it said.
It was not immediately clear which companies were involved.
Cuidado com o que desejas pois todo o Universo pode se conjugar para a sua realização.
-
- Mensagens: 9139
- Registado: 10/11/2002 19:32
- Localização: Planeta Algarve
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