Options Trader Gets 21 Months Jail Sentence For Role In ABN Amro Currency Options Loss
BANKS
A New York judge lambasted ABN Amro for failing to follow its own policies when handing down a sentence totalling 21 months in jail to former ABN Amro options trader James Martignoni (FX Week, November 15 and November 8).
The trader, who was convicted of 16 counts of bank fraud, false entry and conspiracy to commit the offences, also got three years' probation at the hearing on March 15. Prior to his sentencing, Martignoni admitted his guilt in his first statement since the trial began in late
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