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.
Conventional wisdom says that living expenses rise uniformly with inflation, so many financial plans are based simply on that. But analysing the spending patterns of retirees shows us that the data tells a different story.
Read moreThe 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 United States Attorney’s Office in New York has charged the co-founder and chief investment officer of a UK-based hedge fund with manipulating the US dollar/rand exchange rate to trigger a $20 million […]