Mark Johnson’s attorneys point to Isda agreement in appeal

“How are FX traders supposed [to] know what trading constitutes wire fraud when the government cannot even answer that question?” attorneys ask

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Mark Johnson is appealing a two-year sentence for wire fraud and conspiracy

Lawyers representing convicted former HSBC banker Mark Johnson say the US attorneys’ shifting theory of prosecution and their inability to explain how a bank can execute a fixing transaction legally has left currency traders clueless about the type of trading that can be interpreted as wire fraud.

Johnson’s legal team at law firms Lanklert Siffert & Wohl and Shapiro Arato put forward their concerns in a June 12 filing before the US Court of Appeals for the Second Circuit. On June 19, they will

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