Magnus Peterson, head of the collapsed Weavering hedge fund that took £354m of investor cash, has been sentenced to 13 years in jail after being found guilty of several offences.
Peterson was sentenced in Southwark Crown Court this morning, having been found guilty of eight counts of fraud, forgery and furnishing false information, according to the FT. His solicitor Matthew Frankland said Peterson would be "distressed" by the length of the sentence, adding "we are instructed to consider and advise upon any appeal". Peterson had been investigated by the Serious Fraud Office (SFO) and, after a 12-week trial, found him guilty of eight counts of fraud, forgery, false accounting and fraudulent trading on Monday. The SFO said in a statement that while Peterson ...
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