Dean Conway Quoted in the Financial Times: “The Crypto-Loving Billionaire and the $400M ‘Perfect Fraud’”
Dean Conway was quoted in a Financial Times article titled “The Crypto-Loving Billionaire
and the $400M ‘Perfect Fraud.’” The article discusses a stock-loan fraud lawsuit brought by a Mexican billionaire against an asset manager involving a Lombard loan.
The defendant is arguing that conduct regulation does not apply because these deals are private contracts between professional investors, not involving licensed banks or brokers. Conway, who prosecuted a stock-loan fraud case for the U.S. Securities and Exchange Commission, says that if there is fraud, “[regulatory status] won’t change the calculus of whether a case is brought”.
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