Topic: Market abuse

Glencore sentenced to pay $485 million in DOJ market manipulation case

A Connecticut  federal judge imposed terms set forth in a May 2022 plea agreement resolving DOJ allegations that the commodities trader manipulated oil prices.

23 September 2022

London judge orders extradition of alleged cum-ex trader to Denmark

Anthony Patterson faces up to 12 years in Danish prison if found guilty in the Nordic country.

20 September 2022

DOJ details Glencore’s cooperation with market manipulation investigation

In a memorandum filed ahead of a sentencing hearing set for 23 September, the DOJ said Glencore failed to proactively identify relevant information, delayed providing data analysis and didn't adequately discipline senior employees who knew about the company’s problematic conduct.

19 September 2022

US Libor acquittal lawyers field calls from both sides of the Atlantic

Two lawyers who helped overturn the conviction of a former Deutsche Bank trader accused of manipulating interest rate benchmarks have switched firms. Their case caused a stir in the UK as well as the US.

14 September 2022

Glencore and Pemex settle restitution claim

Glencore and Pemex have resolved a claim by the Mexican state oil company that it was a victim of the Swiss commodity trader’s market manipulation via a confidential settlement.

13 September 2022

Another conviction overturned in US Libor rigging case

06 September 2022

Glencore’s US resolution delayed by monitorship, restitution issues

Federal courts in Manhattan and Connecticut have delayed Glencore’s respective sentencings linked to the US portion of the Anglo-Swiss commodity trader’s global bribery and market manipulation resolution.

02 September 2022

Citi fined over UK market abuse detection breaches

19 August 2022

Two former JPMorgan Chase precious metals traders found guilty in spoofing trial

Two traders on JPMorgan’s precious metals desk were acquitted of racketeering and conspiracy charges in the DOJ case.

11 August 2022

Irish lawyers question potential of new corporate watchdog

Local practitioners say that the launch of a new white-collar crime agency is a step in the right direction but that the agency needs additional powers to strengthen its bite.

05 August 2022

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