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A former analyst of Janus Henderson and his employees were part of a “secret trade club” driven by greed that used Insider information to earn a profit of almost £ 1 million, a court in London heard.
Redinel Korfuzi fed “With Wall Cross” information that was gained from his task about companies, including Daimler and Jet2, to his sister and friends, the prosecution told the jury during her final speech to Southwark Crown Court on Tuesday when the criminal process of three months approached its conclusion.
The group was motivated by “greed, clear and simple”, who earned around £ 963,000 in just over six months, Tom Forster KC claimed, acting for the financial behavioral authority, which continues the matter. This “was clearly a secret trade club” that was “rigged” by using internal information, he said.
Redinel Korfuzi is rightly next to his sister, Oerta Korfuzi, 36; his personal trainer Rogerio de Aquino, 63; and the Aquino’s girlfriend Dema Almeziad, 40. They are accused of one count of insider trade and one counting money laundering between December 2019 and March 2021. The defendants deny the charges.
The FCA accuses Redinel Korfuzi of the use of information he had as an insider in his former role at Janus Henderson to allow his fellow samplers to act and make a profit, while using houseworking during the COVID-19 Pandemie as cover.
The group traded in companies, including packaging group Smurfit Kappa and German real estate company Vonovia, often within 24 hours after Redinel Korfuzi that obtained indoor information from his work, the jury heard.
Forster told how cash deposits were taken from Safet -Pouring boxes by Oerta Korfuzi, who carried out the trade and were sometimes paid on the same day in different branches of the same bank, claiming that this was an attempt to ensure that the money was “flushed” via accounts.
“Are you told the truth by the korfuzis?” Forster asked the jury. ‘If not, ask yourself why you lied? It is not for an innocent reason. It’s because the money is dirty [ . . . ] And they have run a trade club to cheat on the market. “
Both brothers and sisters provide proof during the process. The couple claimed that the money was not linked to the trade on internal information, but collected cash payments from British customers of the Albanian construction activities of their father.
The Aquino and Almeziad have not testified. The Aquino told the FCA in an interview that he was “cutting” by Redinel Korfuzi, while Almeziad said the couple was “duped,” the persecution said. Both retain their innocence.
The FCA announced the charges in the investigation, known as Operation Naples, in January 2023. The trial started in February. The jury is expected to retire next week.