Three fund managers have been sentenced for a large-scale fraud at Southwark Crown Court today (20 February), which added up to losses of $8.45m (£7.06m) meant for the people of Libya.
A former JPMorgan Chase banker who's now on the run was sentenced to 7 ½ years in jail for his role in a multimillion-pound fraud against the Libyan government.
Former JP Morgan banker Frederic Marino, 56, and amateur racing driver Yoshiki Ohmura, 47, were jailed for 1 years in total for siphoning off money from Libya during the regime of Colonel Gaddafi.