Stuart Scott, a former FX trader and supervisor at HSBC, will seek to dismiss the indictment charging him with wire fraud and wire fraud conspiracy. This becomes clear from a motion for hearing filed by Mr Scott’s representatives with the New York Eastern District Court on March 3, 2022.
The document, seen by FX News Group, unveils plans by Mr Scott to seek a dismissal of the indictment against him on two independent grounds.
First, the defendant claims that the indictment fails to charge an offense in that the statutes with which Mr. Scott was charged, wire fraud and wire fraud conspiracy, 18 U.S.C. §§ 1343, 1349, do not have extraterritorial application and, as alleged in the indictment, the domestic applications of the wire communications did not involve a core or essential part of the charged scheme.
Second, according to Scott, the indictment deprives him, as a British national, of due process in that
a foreign citizen acting entirely abroad may not be charged in the United States unless the aim of his conduct is to cause harm inside the United States or to United States citizens or interests.
The indictment alleged that the aim of Stuart Scott and Mark Johnson was to defraud a Scottish company.
According to the indictment, from approximately 2010 to 2016, Johnson, a citizen of the United Kingdom and resident of London and New York, was the head of global FX cash trading at HSBC Bank plc, a subsidiary o f HSBC Holdings plc. Johnson supervised HSBC’s worldwide FX cash trading business.
From approximately 1997 to 2014, Stuart Scott, a citizen of the United Kingdom and resident of London, was an FX trader, and later a supervisor, at HSBC. In or about April 2011, he became HSBC’s head of FX cash trading for Europe, the Middle East and Africa (“EMEA”) in London. Johnson supervised Scott from approximately 2010 to 2014.
The indictment states that, from at least in or about October 2011 and continuing until at least in or about December 2011, the defendants, together with others, participated in a scheme to defraud a Victim Company by:
- Using information provided in confidence to HSBC by the Victim Company (namely, the details ofthe Victim Company FX Transaction) to purchase Sterling in advance o f the transaction, knowing that the transaction would cause the price o f Sterling to increase, thereby generating substantial trading profits for HSBC and the defendants (a scheme that is commonly referred to as “front-running”) in breach ofHSBC’s duty of trust and confidence to the Victim Company;
- Causing the Victim Company FX Transaction to be executed in a manner designed to cause the price o f Sterling to spike (commonly referred to as “ramping”) to the benefit ofHSBC and the defendants, and at the expense of the Victim Company, despite HSBC’s representations to execute the transaction in the best interests of, and to avoid adverse market impact to, the Victim Company; and
- Making, and causing to be made, material misrepresentations and omissions to the Victim Company to further the scheme by, among other things, concealing HSBC’s role in the spike in the price of Sterling.
Both Mark Johnson and Stuart Scott were charged with wire fraud and wire fraud conspiracy.
The point of view of your article has taught me a lot, and I already know how to improve the paper on gate.oi, thank you. https://www.gate.io/es/signup/XwNAU
Thank you very much for sharing, I learned a lot from your article. Very cool. Thanks. nimabi
Rastreador de teléfono celular – Aplicación de rastreo oculta que registra la ubicación, SMS, audio de llamadas, WhatsApp, Facebook, fotos, cámaras, actividad de Internet. Lo mejor para el control parental y la supervisión de empleados. Rastrear Teléfono Celular Gratis – Programa de Monitoreo en Línea. https://www.xtmove.com/es/
Mobile Phone Monitoring App – hidden tracking app that secretly records location, SMS, call audio, WhatsApp, Facebook, Viber, camera, internet activity. Monitor everything that happens in mobile phone, and track phone anytime, anywhere.
Thank you for your sharing. I am worried that I lack creative ideas. It is your article that makes me full of hope. Thank you. But, I have a question, can you help me?
Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me.
Greenpark, Oran ve Çukurambar gibi bölgelerde escort arıyorsanız kesinlikle buraya göz atın. Kalite, konfor ve gizlilik bir arada.
Çankaya’da gerçek bir deneyim yaşamak istiyorsanız bu siteyi mutlaka değerlendirin. Her profilde özen ve profesyonellik var.
Ankara’da hem yerli hem yabancı model seçenekleriyle böyle bir siteye denk gelmek nadir. Ankara escort pazarında bir numara.
Her profilde özen ve kaliteyi görmek mümkün. Ankara Escort sektöründe gerçekten fark yaratıyorlar.
Gerçek bir Çankaya Escort deneyimi yaşamak istiyorsanız bu kaliteli siteyi mutlaka ziyaret edin. Fotoğraflar gerçek ve hizmet çok profesyonel.
маркетплейс аккаунтов соцсетей перепродажа аккаунтов
маркетплейс аккаунтов соцсетей площадка для продажи аккаунтов
магазин аккаунтов социальных сетей покупка аккаунтов
купить аккаунт профиль с подписчиками
продать аккаунт купить аккаунт
маркетплейс для реселлеров маркетплейс аккаунтов соцсетей
Account marketplace Account exchange
Account Exchange Service Sell accounts
Account Store https://socialaccountsmarket2025.com
Marketplace for Ready-Made Accounts Sell accounts
Account Selling Platform Sell Account
Guaranteed Accounts Sell Account
Marketplace for Ready-Made Accounts Account Exchange Service
Buy and Sell Accounts Secure Account Purchasing Platform
Account marketplace Account Sale
Sell Account Website for Buying Accounts
secure account sales accounts marketplace
website for buying accounts account acquisition
accounts marketplace account exchange service
accounts for sale buy pre-made account
account trading service online account store
website for buying accounts accounts market
social media account marketplace profitable account sales
account trading platform account buying platform
gaming account marketplace sell pre-made account
sell account accounts marketplace
database of accounts for sale buy account
find accounts for sale accounts marketplace
account selling platform guaranteed accounts
buy accounts website for selling accounts
account catalog accounts market
sell pre-made account account selling platform
secure account sales profitable account sales
purchase ready-made accounts account selling service
account trading platform sell accounts
account exchange service ready-made accounts for sale
website for buying accounts https://marketplace-social-accounts.org/
account market account sale
buy accounts profitable account sales
gaming account marketplace verified accounts for sale
account trading platform online account store
accounts marketplace account acquisition
account trading service verified accounts for sale
account marketplace accounts market
account market https://accounts-marketplace.xyz/
account exchange service https://social-accounts-marketplaces.live/
guaranteed accounts https://accounts-marketplace.live
account catalog account market
verified accounts for sale https://buy-accounts.space
online account store https://buy-accounts-shop.pro
account catalog account market
accounts for sale accounts-marketplace.online
account selling platform https://social-accounts-marketplace.live/
buy and sell accounts https://accounts-marketplace-best.pro
купить аккаунт https://akkaunty-na-prodazhu.pro
площадка для продажи аккаунтов rynok-akkauntov.top
площадка для продажи аккаунтов kupit-akkaunt.xyz
маркетплейс аккаунтов akkaunt-magazin.online
купить аккаунт https://akkaunty-market.live
площадка для продажи аккаунтов kupit-akkaunty-market.xyz
купить аккаунт https://akkaunty-optom.live/
маркетплейс аккаунтов https://online-akkaunty-magazin.xyz
покупка аккаунтов маркетплейсов аккаунтов
маркетплейс аккаунтов https://kupit-akkaunt.online
buy ad account facebook https://buy-adsaccounts.work
cheap facebook advertising account https://buy-ad-accounts.click/
cheap facebook accounts https://buy-ad-account.top
facebook ad accounts for sale buy a facebook account
buying facebook account buy facebook ad account
buy fb account https://buy-ads-account.work
buy fb ad account buy fb ad account
Эта информационная заметка содержит увлекательные сведения, которые могут вас удивить! Мы собрали интересные факты, которые сделают вашу жизнь ярче и полнее. Узнайте нечто новое о привычных аспектах повседневности и откройте для себя удивительный мир информации.
Подробнее можно узнать тут – https://medalkoblog.ru/
buying facebook accounts buy a facebook ad account
facebook account buy buy fb ad account
buy google agency account https://buy-ads-account.top
sell google ads account buy google ads agency account
buy facebook accounts https://buy-accounts.click
google ads accounts for sale buy google ads threshold account
buy old google ads account https://ads-account-buy.work
buy google ads https://buy-ads-invoice-account.top/
buy aged google ads account buy-account-ads.work
buy google ads https://buy-ads-agency-account.top
google ads account buy google ads accounts for sale
buy aged google ads accounts https://ads-agency-account-buy.click
buy bm facebook https://buy-business-manager.org
buy google ad account https://buy-verified-ads-account.work
buy facebook verified business manager buy facebook ads accounts and business managers
unlimited bm facebook buy-verified-business-manager-account.org
buy facebook verified business account buy facebook bm account
buy business manager account buy-business-manager-acc.org
facebook bm account buy https://business-manager-for-sale.org
buy facebook business manager account https://buy-business-manager-verified.org/
buy verified business manager facebook buy-bm.org
facebook bm account buy https://buy-business-manager-accounts.org/
tiktok ads account buy https://buy-tiktok-ads-account.org
verified business manager for sale buy facebook business account
buy tiktok ads https://tiktok-ads-account-buy.org
tiktok ads agency account https://tiktok-ads-account-for-sale.org
tiktok agency account for sale https://tiktok-agency-account-for-sale.org
buy tiktok ads https://buy-tiktok-ad-account.org
tiktok ads account for sale buy tiktok ads accounts
buy tiktok ads account https://tiktok-ads-agency-account.org
Explore the ranked best online casinos of 2025. Compare bonuses, game selections, and trustworthiness of top platforms for secure and rewarding gameplaycasino activities.
buy tiktok ads accounts https://buy-tiktok-business-account.org
buy tiktok ads accounts https://buy-tiktok-ads.org
Anatomik Modeller kategorisinden alışveriş yaptım. Anatomik Modeller ürünleri kaliteli, hızlı kargolu ve kullanışlı. Tavsiye ederim.
Varis Çorapları kategorisinden alışveriş yaptım. Varis Çorapları ürünleri kaliteli, hızlı kargolu ve kullanışlı. Tavsiye ederim.