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Former Deutsche Bank, HSBC traders jailed for cheating employers

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Two former foreign exchange (forex) traders who used the names of family members to set up trading accounts, which were then used to cheat their respective banks with bogus trades, were on Wednesday sentenced to jail.

[SINGAPORE] Two former foreign exchange (forex) traders who used the names of family members to set up trading accounts, which were then used to cheat their respective banks with bogus trades, were on Wednesday sentenced to jail.

Former HSBC senior dealer Ivan Chng Kian Wee, 48, was jailed 15 weeks while former Deutsche Bank spot trader Toh Hway Khuan, 51, was jailed eight weeks.

Full story here.

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