UK watchdog charges two men with illegal forex trading
LONDON, April 29
LONDON, April 29 (Reuters) - Britain's Financial Conduct Authority (FCA) has charged two men with taking on more than five million pounds ($7.75 million) from investors for unauthorised foreign exchange trading.
The FCA named the men as Alex Hope of Docklands, London, and Raj Von Badlo of Bourne End, Buckinghamshire.
The charges relate to 10 offences and follow searches at their homes in April and May last year. Both have been bailed to attend City of London Magistrates Court, the FCA said.
Hope hit the headlines in March last year for racking up a drinks bill of more than 200,000 pounds at a Liverpool nightclub, with one bottle of champagne costing 125,000 pounds.
- Total CEO de Margerie killed in Moscow as jet hits snow plow |
- Pistorius starts five-year term for killing Reeva Steenkamp |
- Ebola crisis turns a corner as U.S. issues new treatment protocols
- Fashion designer Oscar de la Renta dead at 82 |
- U.S. Congress examining deal between NSA official, ex-agency chief