Janus Henderson prison from the inside prison after WFH deals

When the Covid-19 UK’s pandemic forced insurance in 2020, people turned up and down in the country into fermented dough and yoga bread. to Reneel and Erta Corvosi, The restrictions gave coverage to seek a different endeavor: trading from the inside.

As a result, dairy siblings now face a new shape of the lock. On Friday, a judge in London sentenced former Yanos Henderson research analyst Redinil Corvosi, 38, to six years in prison and his sister Orta Corvosi, 36, to five years.

“This issue has elements similar to a Greek tragedy where an individual collapses from some standing due to a fatal defect. You thought about yourselves as very smart,” said his judge of honor to the couple when they submitted the prison terms to the interior and laundering money.

He added: “This is not a fraud without a victim.” “Internal trading reduces the public’s confidence in the safety of the market.”

Corvosi’s siblings looked forward directly, showing few feelings as the camel was read. They were taken by security guards from the sidewalk immediately after.

They are sentenced to a four -month trial Redinil’s personal coach Rogerio de Aquino De Aquino Dima Al -Mizyad – each of whom is accused by the UK’s Financial behavior body for one charge of trading from within and one charge of money laundering between 2019 and 2021.

The jury found that the siblings were guilty last month after 19 hours of deliberations. De Aquino and De Almeziad were acquitted of all charges.

Corvosi was working in Yanos Henderson for a year when he decided to start using the information he obtained from his job to start a trading scheme from the inside.

The siblings together lived in a small bedroom in Brundwick House, an adapted house in the Marylebone area in London. Work from home through the epidemic It means that he can easily share tips with her and coordinate the trading process from the inside.

Orta, who was a company manager who provides recommendations on commercial securities, made the first trading on her accounts.

A year later, Redinil Corvoisi de Akino and Al -Mazayad persuaded to open trading accounts, using the fact that De Akino’s personal training company was struggling with the epidemic and the couple’s desire to save in a house as a motivation.

De Akino was later informed FCA in an interview that he and Lamziad were simply “stupid” of confidence in Corvosis and that they were taken in the intelligence of Redinil, “the unique”. “This is the darkest (time) in my life,” he told the investigators.

Korfuzis has managed a short trading strategy-seeking to take advantage of the decrease in the share price often within 24 hours of obtaining internal information about companies ranging from Jet2 to Daimler.

However, even with the edge of winning, commercial decisions were often risky as siblings tried to improve their profits.

In the WhatsApp conversation that discusses a trade in the SGS test in the early hours of February 4, 2020, Redinel Orta told the dairy “staying ready because we should close it if necessary.”

He added: “Open this nonsense from (such) a phone,” when you did not respond yet to 11 seconds.

Between September 2020 and March 2021 alone, Korfuzis traded 962,723 pounds on 11 shares. Through the accusation period, siblings used the internal information to put trading in at least 13 companies before market ads, according to FCA.

Prosecutor Tom Forster K. said. “Arrogance, pride, entitlement, and greed led them – and they destroyed them.”

Trial It represents a rapid fall of grace For Corvosi, along with his profits from the interior trading, he was wonderfully paid by the employer Janeos Henderson – approximately 540,000 pounds, as well as an arrow prize of $ 80,000, in 2020 alone.

The beginning of the end came in the early hours of March 24, 2021, when the police appeared in Brunswick House and arrested the siblings. Throughout London, De Akino and Elzad were arrested. The group was charged in 2023.

While Corvosi’s brothers refused to comment on FCA in the interviews, both of whom witnessed court. The husband claimed that a package of cash deposited in safety and banking deposits funds – often in multiple branches on the same day – Redinil’s payments were assembled by UK clients from his father Albanian construction works.

Between January 2019 and March 2021, the group achieved 176 cash deposits of about 200,000 pounds.

Forster said of their defense in a copy of the closing notes: “The interpretation that you invite to accept regarding the origin of these funds is that it was collected from four Albanian construction workers – two of whom are called between me and Erie and represent the purchase funds for the apartments that were built or will be built (it was never clear).”

De Akino and Elzad did not witness.

For FCA, the Napoli operation, as the investigation has been called a victory that affects the need as the organizer tries to clean trading throughout the city of London.

almost Four out of 10 acquisitions were reported in the United Kingdom in the media Before announcing the 14 months of May this year, according to the Financial Times Freedom of Information to FCA. The Supervisory Authority issued warnings to the bankers on leaks, which came along with an increase in the unusual trading activity.

FCA said on Tuesday that 38 percent of companies’ acquisitions in the United Kingdom in 2024 caused a positive abnormal price movement in the two days before announcing the deal – indicating the potential trading of interior. This increases from an average of five years 32 percent.

“The siblings conspired together to use the internal information to manipulate the system,” Steve Smart, the joint executive director of the marketing and supervision of the market at FCA.

He added: “When people are trading based on classified information, they misuse confidence and gain an unfair feature – we will use all our powers to discover and disrupt those who try their luck.”