(Bloomberg) -- Glen Point Capital co-founder Neil Phillips was convicted of manipulating the foreign-exchange market to hit a “barrier” rate and trigger a...
-- Glen Point Capital co-founder Neil Phillips was convicted of manipulating the foreign-exchange market to hit a “barrier” rate and trigger a $20 million option.China Developer Country Garden Deemed in Default on Dollar Bond for First TimeThe former hedge fund executive was found guilty Wednesday of commodities fraud by a jury in federal court in Manhattan. Prosecutors had accused Phillips of directing $725 million in trades on Dec.
The verdict is a major win for Manhattan federal prosecutors as they prepare for a much-larger market manipulation case early next year against Archegos Capital co-founder Bill Hwang, who similarly plans to argue that the banks he allegedly cheated knew what they were doing.Phillips didn’t visibly react as the verdict was read. Afterwards, in an unusual move, he shook hands with the prosecutors and was then embraced by his own lawyers.
“What Neil did next was precisely what someone with a fundamental view, an investment thesis and an option position that was about to be triggered would do,” defense lawyer Jenna Dabbs told the jury in opening statements in the trial. Amidst M&A activity in the leisure and hospitality sector, industry giants Hilton Hotels and Marriott International are still riding high on the strength of their business models. Macquarie Senior Gaming, Lodging & Theaters Analyst Chad Beynon joins Yahoo Finance, calling the hotel operators' business models "phenomenal," avoiding the need for major acquisitions in the space.
Sidney Powell pushes claims that 2020 election was rigged and prosecutors 'extorted' her after she pleaded guilty to election interference
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Democrats Warn Rep. Dean Phillips Against Joe Biden Primary ChallengeIgor Bobic is a senior HuffPost reporter who covers Congress, the White House, and political campaigns. He can be reached at igor.bobichuffpost.com and is on Twitter igorbobic.
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Canadian swimmer Maggie Mac Neil wins third gold medal in SantiagoSANTIAGO, Chile — Canadian swimmer Maggie Mac Neil picked up her third gold medal of the 2023 Pan Am Games with a victory in the women's 100-metre freestyle on Monday. Mac Neil, from London, Ont., finished in a Pan Am record time of 53.24 seconds.
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Canadian swimmer Maggie Mac Neil wins third gold medal in SantiagoSANTIAGO, Chile — Canadian swimmer Maggie Mac Neil picked up her third gold medal of the 2023 Pan Am Games with a victory in the women's 100-metre freestyle on Monday. Mac Neil, from London, Ont., finished in a Pan Am record time of 53.24 seconds.
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Canadian swimmer Maggie Mac Neil wins third gold medal in SantiagoSANTIAGO, Chile — Canadian swimmer Maggie Mac Neil picked up her third gold medal of the 2023 Pan Am Games with a victory in the women's 100-metre freestyle on Monday. Mac Neil, from London, Ont., finished in a Pan Am record time of 53.24 seconds.
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Canadian swimmer Mac Neil wins third gold medal in SantiagoCanadian swimmer Maggie Mac Neil picked up her third gold medal of the 2023 Pan Am Games with a victory in the women's 100-metre freestyle on Monday.
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Canadian swimmer Maggie Mac Neil wins third gold medal in SantiagoCanada’s Maggie Mac Neil wins women’s 100-metre freestyle for third gold medal of Pan Am Games
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