
Tom Forster KC has concluded the high-profile prosecution of Redinel Korfuzi, a former Janus Henderson analyst, who along with his sister, Oerta Korfuzi, was found guilty of conspiracy to insider deal and money laundering in a scheme that generated nearly £1 million.
The case, heard at Southwark Crown Court, exposed how Mr Korfuzi exploited confidential market information on share placings by major companies including Daimler, Jet2 and THG. He used this information to execute short trading via accounts held by Oerta Korfuzi and others.
The UK COVID-19 lockdowns provided a convenient cover for their activities with the conspirators carrying out a series of offences between January 2019 and March 2021. Over a six-month period, they generated approximately £963,000 in profit through trading involving 13 companies.
Both Redinel and Oerta Korfuzi were convicted by a jury on both counts on Thursday 19th June.
Sentencing is scheduled for 4 July.
Tom Forster KC was instructed by Joseph Refalo at the FCA and led Tom Broomfield and Katie Lloyd (both of QEB Hollis Whiteman Chambers)
Tom Forster KC is instructed in cases of the most serious and complex Financial Crime including serious fraud, bribery and corruption, money laundering, POCA and related public law. Read more: [Tom Forster KC Profile]
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