U.S. DoJ Arrests HSBC FX Heads – Front-Running

On Oct. 23, 2017 DoJ announced guilty verdict for Johnson in E.D.N.Y jury trial conviction.

  • One count conspiracy to commit wire fraud, eight of wire fraud, sentencing not scheduled.
  • For his role in fraudulent FX front-running scheme benefiting bank, defrauding its clients.
  • On Oct. 23, 2017, FDIC OIG also announced a guilty verdict for Johnson, ex-HSBC official.