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Neil Phillips, who was last year convicted of manipulation of the FX market by a New York jury, has had an appeal to have the verdict overturned, as well as his bid for a re-trial, denied by the same US court.
In an Opinion and Order, district judge Lewis Liman dismissed Phillips’ argument that the original conviction was flawed on grounds of jurisdiction along with flaws in the prosecution case. Phillips was convicted of deliberately targeting an option barrier in USD/ZAR by selling in the spot market on the morning of 26 December 2017 in Singapore.
The post Hedge Fund Manager Loses Bid for Appeal Over FX Conviction appeared first on The Full FX.
