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Former Analyst Goldman Sachs, convicted of trading insiders and fraud, has to pay more than half a million pounds in seizure, the London court ruled.
Mohammed Zina, who was declared guilty of insider affairs Last year and sentenced to 22 months in prison, it was ordered to pay £ 586,711 pound judge at Southwark Crown Court on Wednesday, according to the Court and the Financial Behavior Directorate, which was chased by the case.
The court found that Zina used her behavior by £ 1.1 million, which included Insider tradition and remove the loans false from Tesco Bank. Zini was ordered to pay the amount available from his current property, according to FCA and court records.
Zina, 36, was prosecuted with her brother, a former lawyer at the British company “Magic Circle” Clifford Chance in one of the most important cases involved in the FCA insider in recent years. The jury unanimously declared Zina guilty of all nine dots for the insider trade and fraud.
Zina’s brother, dry Zina, was released before the end of the trial After the FCA withdrew fraud against him and the court ruled that there was no case to answer.
During the trial, the jury heard Zina earned about £ 140,000 in earnings from shares trading, including semiconductor designer hands and PUB Kompanija Punch Taverns. His biggest profit was about £ 55,000 in trading profit at the US Snyder’s-Llanian food company.
“I can’t help it, but I feel pity for you, because you threw out what undoubtedly promised a career in banking,” said Judge Tony Baumgartner at Zina’s penalty in February last year. “Your reputation is now lost and you are likely to believe that you will work again in the position of such responsibility.”
The Zina case was the first FCA insider to condemn the agency in five years, after a falling period for a regulator that partially influenced the pandemic and the Coidd-19 court lags. The number of cases dealing with insiders has been picked up since then, and the number currently undergoing courts.
Zina has three months to pay a subtraction order. Non -payment would result in a default imprisonment of five years.
“The damage to the integrity of our markets. Like the processing of insider distributors, we will not allow them to retain any part of their illegal profit, “said Therese Chambers, the joint executive director of the FCA for the implementation and supervision of the market, on Friday.
Zine lawyer did not immediately respond to a comment request.
