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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

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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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Eleon

With a penchant for words, Eleon Smith began writing at an early age. As editor-in-chief of his high school newspaper, he honed his skills telling impactful stories. Smith went on to study journalism at Columbia University, where he graduated top of his class. After interning at the New York Times, Smith landed a role as a news writer. Over the past decade, he has covered major events like presidential elections and natural disasters. His ability to craft compelling narratives that capture the human experience has earned him acclaim. Though writing is his passion, Eleon also enjoys hiking, cooking and reading historical fiction in his free time. With an eye for detail and knack for storytelling, he continues making his mark at the forefront of journalism.
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