Ex-fund manager found guilty of fraud for manipulating dollar/rand exchange rate
The prosecution’s case is that SA-born Neil Phillips engaged in a flurry of trades in the early hours of 26 December 2017 to force the rand below 12.50 to the dollar.
The prosecution’s case is that SA-born Neil Phillips engaged in a flurry of trades in the early hours of 26 December 2017 to force the rand below 12.50 to the dollar.