Working from home: Analyst on trial for 1m insider trading scheme
Briefly

Redinel Korfuzi, a former analyst at Janus Henderson, is accused of making nearly £1 million from insider trading during lockdown. Prosecutors claim he utilized confidential information regarding fundraising efforts from his firm to engage in trading through accomplices. This scheme allegedly involved 11 companies, with Smurfit Kappa generating the most profit. The trial highlighted how working from home facilitated the concealment of these illicit activities. All defendants have pleaded not guilty, and the trial will conclude in May.
The defendants took advantage of the cloak afforded by national lockdown restrictions to execute their secret plan to conduct criminal trading.
Working from home hid the scheme from the supervising eyes and ears of his colleagues.
Read at City AM
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