May 09, 2009

Submitted by Priyankagill:   The making and breaking of Mr £20m, Raj Gill - Times Online . Last Wednesday, after a seven-year battle to get his money back, Raj, 37, was awarded an astonishing £20m in compensation by the High Court. Mr Justice Flaux ruled that Raj had been duped by a “persistent and inveterate liar” and said the case had exposed a “shameful” business world of deception, drug use and fraud. (Read More)

May 07, 2009

Submitted by Priyankagill: A High Court judge yesterday told MF Global to pay damages of up to £20m to a former client who lost millions of pounds after being "ensnared in a web of deceit" spun by a former employee of the City brokerage firm, previously known as Man Financial.Rajesh Gill, a prolific day trader, unknowingly racked up hefty losses in 2 (Read More)

May 07, 2009

Submitted by Priyankagill: May 6 (Bloomberg) -- MF Global Ltd.’s London brokerage unit must pay a day trader about 20 million pounds ($30 million) in compensation for deceiving him about the amount of his trading losses, a London judge ruled today.Misrepresentations made by an MF Global account manager to former client Raj Gill led him to follow a fl (Read More)

May 07, 2009

Submitted by Priyankagill: One of Britain’s most successful City traders, who was fooled into thinking he was making millions when he was really suffering huge losses, has been awarded £20 million after a judge ruled that his broker defrauded him. (Read More)

Mar 28, 2009

Submitted by Priyankagill: FSA poised to investigate brokerage over £30m fraud lawsuitWednesday 25th March 2009An international brokerage is set to receive an FSA investigation after it emerged that a former senior broker intentionally and continually misled a day trader, causing him to lose millions placing trades through the firm.MF Global, which u (Read More)

Mar 28, 2009

Submitted by Priyankagill: MF Global, the international brokerage, may be referred to the Financial Services Authority after admitting one of its former employees intentionally and repeatedly lied to a day trader who lost millions placing trades through the company.The dramatic concession was made yesterday at the high court in a £30m fraud lawsuit b (Read More)

Mar 24, 2009

Submitted by Priyankagill: MF Global, the brokerage spun off from Man Group, the London-listed hedge fund, has admitted defrauding a former client who lost millions of pounds while trading derivatives on the back of inaccurate information.The broker, formerly known as Man Financial, admitted “fraudulent misrepresentation” and “deceit” in its dealings (Read More)

Mar 24, 2009

Submitted by Priyankagill:  MF Global Says It Misinformed Day Trader on Scale of Losses. MF Global Says It Misinformed Day Trader on Scale of Losses2009-03-24 13:35:23.92 GMTBy James LumleyMarch 24 (Bloomberg) -- MF Global Ltd.s London brokerageunit told a U.K. judge that one of its former employees misleda day trader over the scale of his losses.MF Global will admit allegations of fraudulentmisrepresentation m (Read More)

Mar 24, 2009

Submitted by Priyankagill: A City broker accused of defrauding his top client of millions yesterday admitted misrepresenting the death of his father in an attempt to explain away his mistakes.Matthew Bomford and his former employer, MF Global, are being sued for £30m for allegedly deceiving Rajesh Gill, a day trader, about his performance to make sur (Read More)

Mar 24, 2009

Submitted by Priyankagill: A City trader who is suing his former broker for £35million said he was duped into believing he had "a golden touch" when he was actually losing millions. Rajesh Gill, 37, claims firm MF Global systematically deceived him about his performance to boost its own commission payments. (Read More)

Mar 24, 2009

Submitted by Priyankagill: One of the City's most prolific traders is suing an international brokerage firm for £35million in one of the biggest lawsuits of its kind.Self-taught trader Rajesh Gill claims brokers at MF Global concealed his multi-million-pound losses so the firm could capitalise on commissions from his trades.Mr Gill, 37, a Harvard Uni (Read More)

Mar 24, 2009

Submitted by Priyankagill: ONDON | NEW DELHI: It should have been a dry legal battle, but it’s turning into a gory spectacle of the inner workings in the world of high finance, with all the elements of sleaze and scandal spilling into open court. The case of Rajesh Gill, an NRI derivatives trader, who is suing his former broker, now MF Global, for fr (Read More)

Mar 24, 2009

Submitted by Priyankagill: The bonus-fuelled “eat what you kill’’ culture of City brokerages was laid bare in a lawsuit brought by a day trader who claims he was systematically deceived about his performance to boost commission payments at MF Global. (Read More)

Mar 24, 2009

Submitted by Priyankagill: LONDON (Bloomberg) - Bermuda-based MF Global Ltd.'s London brokerage unit is being sued for at least £9.3 million ($12.8 million) by a day trader who says an account manager misrepresented his results. (Read More)

Dec 26, 2008

Submitted by Priyankagill: (Read More)

Priyanka Gill