Ex-ABN Amro Dealer Faces Jail After Convictions On Bank Fraud Charges

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James Martignoni, the 29-year-old former ABN Amro New York options trader charged with bank fraud, false entry and conspiracy to commit the offenses, was found guilty of all 16 counts at the U.S. District Court, Manhattan, after five hours of deliberation on November 9. Sentencing is scheduled for February 7.

Martignoni faces a maximum of 30 years in jail for each of the two bank fraud counts and the 13 false-entry counts, an additional five years for conspiracy and $140 million in fines (FX