LOOSE CHANGE
LOOSE CHANGE
Former Mexican peso trader for Chemical Bank, Victor Gomez, pleaded guilty on September 12 to US criminal charges that he conspired to defraud the bank and to 12 counts of making false entries in bank records, officials say. Gomez is scheduled for sentencing December 13. Gomez's activities, which took place prior to Chemical's merger with Chase Manhattan Bank in December 1994, reportedly caused Chemical a loss of $70 million dollars (FXW, January 9, 1995). Gomez had pleaded not guilty to the
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