Former Chemical Peso Trader Gomez Receives 37 Months After Guilty Plea

- By FX Markets Staff
- @FXMarkets_
- 14 Apr 1997

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Three years after causing the former Chemical Bank a loss of roughly $70 million dollars by taking unauthorized positions in the Mexican peso, Victor Gomez was sentenced to 37 months in prison, but received no fines or restitution to pay. The sentence, lenient in view of the 63 months and approximately $140 million in fines that he faced, comes seven months after he pleaded guilty to one charge of bank fraud and 12 counts of making false entries in bank records (FXW, September 23 & April 1, 1996

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