U.K. Court Makes It Official: Ex-HSBC Trader Won't Be Extradited
(Bloomberg) -- Stuart Scott, the former head of currency trading at HSBC Holdings Plc, won’t be sent to New York to face wire-fraud charges after U.K. judges rebuffed a request by American prosecutors.
U.K. judges say Wednesday in London that they won’t allow an appeal to Supreme Court because they don’t consider it an issue of general importance.
- U.S. prosecutors had inadvertently disclosed the ruling last week in a letter to a federal judge. They later asked to have their initial letter “sealed” after learning that the U.K. ruling was “embargoed.”
- Scott was charged, along with his ex-boss Mark Johnson, in July 2016 with front-running a $3.5 billion currency order from Cairn Energy Plc in 2011 that made the bank $8 million.
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