The FCA has started criminal proceedings against five individuals for conspiracy to commit insider dealing and money laundering.
The FCA alleges that Redinel Korfuzi, Oerta Korfuzi, Iva Spahiu, Rogerio de Aquino and Dema Almeziad conspired to commit offences of insider dealing between 17 December 2019 and 25 March 2021. Specifically, the FCA alleges that Mr Korfuzi used confidential inside information he accessed as an Analyst in his former role at Janus Henderson (where he worked on Henderson Eurotrust) to enable timely and profitable trading in 49 companies through accounts held by his co-conspirators.
In each case, the defendants used a derivative product called Contracts for Difference in relation to each of these companies, betting that the value of shares would go down after the announcements. In doing so, they were able to realise profits of approximately £1.5 million.
All five are also charged with money laundering offences relating to over 170 cash deposits totalling approximately £200,000.
In March 2021 a multi-site search and arrest operation was conducted by the FCA with the assistance of the Metropolitan Police, and four of the defendants were on police bail until they appeared before Westminster Magistrates’ Court on 25 January 2023.
The case was formally sent to Southwark Crown Court, where the defendants will appear on 22 February 2023 for a Plea and Case Management Hearing. All the defendants have indicated Not Guilty pleas.
Janus Henderson has co-operated fully with the FCA’s investigation.
HNE : Former Henderson EuroTrust analyst charged with insider dealing