Law

According to prosecutor Carol Sipperly, former HSBC currency trader Mark Johnson used just four words to trigger a massive, international front-running operation that netted his firm some $8 million in illicit profits: "my watch is off."

The bank’s former global head of foreign exchange alerted the traders around the globe via a phone call in December 2011 that was recorded, a prosecutor said Thursday. The gambit was designed to take advantage of a $3.5 billion client order to buy sterling, the U.S. says.

 

In a move that looks suspiciously like retaliation, Turkish police on Wednesday arrested a local employee of the US embassy in Istanbul and charged him with espionage and trying to overthrow the government, the Wall Street Journal reported, citing local media.

A federal district judge in Phoenix has accepted President Donald Trump's pardon of former Maricopa County Sheriff Joe Arpaio on Wednesday, confirming that the controversial tough-on-crime sheriff and early supporter of Trump's presidential bid will walk free with no legal record after being found guilty of contempt in July for refusing to honor a 2011 court order.

Millionaire Las Vegas shooter Stephen Paddock set up a camera inside his hotel room to capture his deadly shooting rampage on film, as well as various other surveillance equipment in the hallway to alert him as cops closed in on him, according to the NY Post. Citing ABC, the Post writes that the shooter had at least one lens set up to tape himself as he fired hundreds of rounds on thousands of unsuspecting concertgoers several hundred yards below his Mandalay Bay casino suite.

Where did all this money come from?

That’s probably the first question that Phelon Davis of District Heights, Maryland, asked himself when a homeless man shuffled into the Wells Fargo branch in Georgetown where Davis worked as a teller three years ago and tried to deposit a garbage bag full of cash.

His next question was probably "do you think he'd notice if some of it went missing?"