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Former Hsbc Trader Denies Fraud Claims

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Neighbours of Mr Scott’s seven-bedroom home in Hertfordshire said the property had been quiet until recently.

Speaking near his detached mansion in the New Forest, Hants, the neighbour said: “Mark is a charming man, he’s very lovely and this comes as a total surprise.


Obviously the usual references to the size of his property :rolleyes:

The former HSBC currency trader at the heart of a US fraud investigation spent more than two years on a panel that advised the Bank of England, it has emerged, as the Department of Justice widens its probe to examine more currency trades.

Doesn't look good.

Careful what you post folks, for obvious legal implications.

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The notion of a Banker denying fraud is like a Lion claimng to be vegitarian- it's in the nature of carnivores to eat meat and in the nature of bankers to game the system- both are victims of the involuntary compulsions of their respective ecological niche.

A banker who operated within both the letter and sprirt of the regualtions would have the same scarcity value as dog that walked on it's hind legs and a utility value to match- and so would be unemployable.

The real reason that virtualy no one was prosecuted following the meltdown of 2008 was not due to lack of culpable candidates but to the impossibility of making the distiction between fruadulent activity and standard operating procedure- so the choice seemed to be either prosecute everyone or prosecute no one- and for obvious reasons the latter was the chosen course of action.

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