SEC has filed a lawsuit against former ConvergEx exec Basilly on Tuesday on the allegation of defrauding traders. Prior to that, ConvergEx has admitted wrongdoing through its several units and counted penalty of $150 million to the regulators. However, his lawyer claims innocence rejecting all allegations and cites that Bassily has acted as per ConvergEx approved business model.
Federal court of Manhattan
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Jason Konior pleaded guilty of stealing US$2.9 million from investors as part of the 2011-2012 Ponzi scheme.
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