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Lebanese Protesters Try to Storm Central Bank Offices

Lebanese Protesters Try to Storm Central Bank Offices
albawaba.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from albawaba.com Daily Mail and Mail on Sunday newspapers.

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Trader Charged Alongside Goldman Banker Faces Extradition


Trader Charged Alongside Goldman Banker Faces Extradition
Bloomberg
2/18/2021
Jonathan Browning
(Bloomberg) A securities trader accused of insider-dealing is set to face criminal charges in the U.S. after losing an extradition ruling in London.
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Joseph El Khouri, who holds dual Lebanese-British citizenship, is accused of making almost $2 million trading on inside information. U.S. prosecutors allege that the trader and avid poker player gave lavish gifts to middlemen, including expensive hotel stays in New York, and a yacht charter in Greece, in exchange for tips as part of an international insider-trading conspiracy.
Judge Vanessa Baraitser said that British investigators at the Financial Conduct Authority agreed that the U.S. was a more appropriate place to try El Khouri. The FCA dropped its own investigation because it lacked “a narrator” who could explain the alleged overarching scheme. ....

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Trader Can Be Extradited In Ex-Goldman Banker Fraud Case


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Trader Can Be Extradited In Ex-Goldman Banker Fraud Case
Law360, London (February 18, 2021, 10:03 PM GMT) A securities trader charged by U.S. authorities over an insider trading scheme involving an ex-Goldman Sachs banker lost his extradition fight after a London judge said Thursday it was in the interest of justice for him to be tried in America.
Westminster Magistrates Court Judge Vanessa Baraitser rejected Joseph El-Khouri s bid to hold off extradition to the U.S., where he faces 17 counts of securities and wire fraud.
El-Khouri, a Lebanese-British citizen, has been charged in the U.S. along with five others, including a Goldman Sachs investment banker, in what U.S. prosecutors called a transnational insider trading scheme that netted tens. ....

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