Bogucki’s defence fights for dismissal again

Defence says there was no fiduciary relationship because each party understood they were acting in their own interest

Playing poker: the HP employee said he bluffed, even though Barclays had the best pricing

A foreign exchange specialist at Hewlett-Packard who told US prosecutors that he never trusts banks admitted to intentionally “bluffing” to get better pricing from Barclays, while negotiating a £6 billion options trade in 2011 with the bank and Robert Bogucki, its former head of FX trading in New York.

“I would say I was bluffing,” the HP employee testified, according to court documents.

Lawyers representing Bogucki have filed a second motion to dismiss the superseding indictment against him

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