Ex-SocGen Banker, Traders Facing Insider Trial Over €18 Million Gains
(Bloomberg) -Is a group of traders, who suspected about € 18 million ($ 21.1 million) from an internal clue in a US stock and a US stock, was ordered to encounter a penalty hearing in France, according to people who knew the issue.
At that time, Socgen General Manager Stéphane Fima and merchants Lucien Selce and Alexis Kupkerfis, between those who would be called to a Paris court, two people asked the decision not to be named as public information. The court trials in the case are scheduled to temporarily begin in February, but the timeline may shift.
As part of the long -standing French case, FIMA was accused by the authorities of using a burner phone at the end of 2015, and Air Liquide SA’s US chemical producer Airgas Inc. He shared with his researchers about Selce’s intermediary about taking over at least 9.9 million € from the inside of the plans.
The hearing will be the first in France as a part of the effort to compress on a loosely connected ring that is allegedly operating on several continents, as well as practitioners in the United States and the UK. The lawsuit is the chance to leave a mark in a country where a great conviction has not been recorded for a long time for many years.
British prosecutors made key convictions against other members of this alleged ring in 2019 – a merchant and an old UBS group AG harmonious officer. American officials are also an old Goldman Sachs Group Inc.
Selce, Kupurfis and Fima lawyers refused to comment as Parket National Finance.
In order to collect evidence in the Airgas case, the researchers conducted surprise inspections in French lands from luxury ski centers to good heels of Paris.
However, the most critical piece of evidence for PNF is a telecap of FIMA’s conversations on the burner phone, and its details are included in an earlier Bloomberg report. His validity has been objected by the defendants for a long time, but after more than one legal round, their privacy arguments were ultimately rejected.
French researchers from Autorité des marchés financiers meticulously used the suspects to reveal their use of secret prepaid mobile phones regularly to prevent suspects from monitoring and detecting their movements.
As part of this case, Seligman is accused of pouring Airgas Secret even more by phone and sharing internal information with at least two people. Vania Mareuse and Bertrand van Houtte de la Chaise’in illegally illegally earned from the Airgas tip, respectively € 3.3 million and about 225,000 €. In addition, Cuparfis’s Ratif Director Thierry Braha, as well as the trial was ordered to confront.
Seligman, Mareuse, Van Houtte and Braha lawyers refrained to comment.
The Airgas hearing can determine the tone of more French sanctions against the trade of the students who are mostly followed by AF as a civilian crime.
Fima, Selce and Seligman are also involved in a parallel criminal case that focuses on suspicious transactions with the French oil services company CGG SA, which focuses on suspicious transactions more than ten years ago. A former Merrill Lynch Banker and a former Brunswick Advisor were also accused of part of this case, but no decision was made about any hearing.
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