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Jury convicts hedge fund manager accused of rigging foreign exchange market
Jury convicts hedge fund manager accused of rigging foreign exchange market
Updated October 25, 2023 at 6:04 p.m. ET
A London hedge fund manager accused of manipulating the foreign exchange market was found guilty of fraud Wednesday in a trial that opened a window into a complex aspect of global currency trading.
A federal jury in Manhattan deliberated less than a day before reaching a decision. Neil Phillips guilty of commodity fraud. The jury acquitted Phillips, the former chief investment officer of Glen Point Capital, of a separate conspiracy charge.
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