Rand manipulation: SA-born trader found guilty of forex fraud in New York news24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from news24.com Daily Mail and Mail on Sunday newspapers.
The former hedge fund manager has been convicted of directing $725m in trades to intentionally raise the value of the rand against the US dollar in December 2017.
Glen Point Capital s Neil Phillips Found Guilty of FX Fraud yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Morgan Stanley offered to buy back the option on December 18, 2017, starting at $US9 million. Three hours later, the bank said it was willing to pay $US13 million.