Robert Bogucki loses motion to dismiss
But judge says the two counterparties to the trade have no standing to sue Bogucki or Barclays
Robert Bogucki, the former Barclays foreign exchange trader accused of defrauding Hewlett-Packard (HP) on a multi-billion options transaction, has lost a motion to dismiss a superseding indictment charging him with conspiracy and wire fraud affecting a financial institution.
District Court judge Charles Breyer ruled on July 2 that Bogucki’s defence is wrong to argue that no financial institutions were harmed by the alleged crime when, in fact, it appears Barclays itself was exposed to
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