Tom Wise, ex-MEP for the UK Independence Party, jailed for two years in November for expenses fraud, has some claim to gratitude from future defendants in money laundering cases. The Crown had sought to charge him not only with false accounting but also with using criminal property. Jonathan Fisher QC, defending, argued for dismissal of […]

The bank allegedly used complex derivative trades to hide losses at Monte Paschi. Milan — Deutsche Bank, on trial in Milan for allegedly helping Banca Monte dei Paschi di Siena conceal losses, must face accusations that it was running an international criminal organisation at the time. “Prosecutors used internal Deutsche Bank documents and e-mails to […]

Following his conviction on eight counts of fraud, forgery, false accounting and fraudulent trading Ulf Magnus Peterson, the former head of Weavering Macro Income Fund Limited, has been sentenced to 13 years in prison. The fund subsequently collapsed in March 2009, leading to net losses for investors of approximately US$536 million. A hearing has been […]