You #$#$ #$#$ filthy pig.
Hopefully, this District Attorney will put your fatass in jail for the scam you helped pull off like he is doing to these 4 guys. Of course your fraud was what maybe 40 million bucks? 50 million bucks?
Basically, I forgot, but you still managed to swindle folks out of their retirement accounts, college accounts for kids. Yes, I know, they shouldn't have been using this money in the first place, but you were so slick in the manner in which you suckered them in. I hope you know there is a certain place inhell reserved for you.
Traders Charged in $600 Million Fraud
May 14 5:02pm ET
NEW YORK (Reuters) - The U.S. Attorney for the Southern District of New York and the FBI on Tuesday announced the arrest of four metals traders on charges of running a global fraud scheme that cost major commercial banks between $600 million and $1 billion.
According to the complaint unsealed at the U.S. Attorney's office in Manhattan, the four conducted the scam through New Jersey metal trading companies Allied Deals Inc., Hampton Lane Inc. and SAI Commodity Inc. and London-based RBG Resources, which is a company run by the brother of one of the four.
The complaint charges that since at least May 2000, the defendants and other co-conspirators stole hundreds of millions of dollars in loan proceeds from JP Morgan Chase and Co, Fleet National Bank, PNC Bank NA, KBC Bank NV, Hypo Vereins Bank NA, Dresdner Bank Lateinamerika AG, China Trust Bank, General Bank and other banks around the world.
The four arrested were Narendra Kumar Rastogi, 47, chief executive of the trading companies, Anil Anand, 39, chief financial officer, Manoj Nijhawan, 43, deputy general manager of Allied Deals and Udhay Shankar, 27, former treasurer of Allied Deals.
They were charged in a criminal complaint with conspiracy to commit bank fraud, mail fraud and wire fraud.
"That conduct includes outright falsification of documents and a complex scheme to cover up fraud of astonishing scope and magnitude," James B. Comey, United States attorney for the Southern District of New York, said.
"This office will work closely with the FBI, the Federal Reserve Bank of New York and our British counterparts to protect the integrity of financial institutions and vigorously prosecute criminals who seek to undermine the financial systems worldwide," Comey added.
The defendants were to go before Judge James C. Francis in Manhattan federal court on Tuesday.
If convicted, the defendants each face a maximum sentence on the conspiracy count of five years' imprisonment and the greater of a $250,000 fine or twice the gross gain or loss.
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