Lawyers divided on Johnson’s Supreme Court prospects

Ambiguity in wire fraud statutes may see court accept ex-HSBC trader’s appeal – but it’s a long shot, say attorneys


US lawyers are split over whether the Supreme Court might take up an appeal by former HSBC foreign exchange trader Mark Johnson against his long-running fraud case.

The former global head of FX cash trading at the UK bank filed a petition to the US’s highest court in June to reconsider a fraud conviction relating to a $3.5 billion spot trade between HSBC and Cairn Energy.

The original conviction in a New York court in 2017 was based on a breach of mail and wire fraud statutes and was upheld by

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