Two Russian Traders Jailed over $140m Fraud Case in London

[kreslik.news]

Former Otkritie Financial Corp. banker George Urumov, and a former trader at Threadneedle Asset Management Ltd. were jailed today in London after being found guilty over a fraud case involving the Russian lender. The two London traders stole more than $140 million from their employers, a court has said.

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Georgy Urumov, 37, was part of a group that defrauded Russian owned banking group Otkritie. He was found guilty of five charges including one of conspiracy to defraud an Otkritie subsidiary after deceiving their bosses about ... (read more)