Tag: Justice Department

Justice Department

Former Barclays FX Head in NYC Charged for Front Running

Robert Bogucki, the former head of Barclays’ New York FX operation was charged yesterday in an indictment for his alleged role in a scheme to front run client orders.

Bogucki has been charged in an indictment filed in the Northern District of California on January 16, with one count of conspiracy to commit wire fraud and six counts of wire fraud. He was due to make his initial appearance on January 17, at 2:00pm in Brooklyn, New York, before US Magistrate Judge Cheryl Pollak of the Eastern District of New York.

According to the indictment, in September and October 2011, Bogucki is alleged to have misused information provided to him by Hewlett Packard (HP), which had hired Barclays to execute an FX transaction related to the planned acquisition of a UK-based company. 

Reports: HSBC Executive Arrested in Currency Investigation

A senior HSBC executive has been arrested in New York in connection to the US Justice Department’s FX rigging investigation, according to various news outlets. These reports are naming the person arrested as Mark Johnson, global head of FX cash trading in London, and claiming that he was picked up by US authorities at New […]