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Former City traders' fraud convictions overturned
Original: fraud
The fraud convictions of former City traders have been overturned, according to City AM. The ruling means the traders' convictions are no longer standing, a significant development in one of the financial district's long-running legal sagas. The details of which traders were involved and on what grounds the convictions were quashed have not yet been made clear in the available reporting.
Why now: The overturning of high-profile City fraud convictions is new legal news with implications for financial crime prosecutions.
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Evidence
- Ex-Barclays traders jailed for rigging interest rates have convictions quashed · The Guardian
- Fake insurance claims cost UK £1 billion as travel fraud skyrockets · The Independent
- Former City traders’ fraud convictions overturned · City AM
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