Prosecutor alleges ‘bonanza of lies’ in closing argument

Prosecuting attorney says Mark Johnson used his superior knowledge to take advantage of Cairn Energy

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Mark Johnson: the jury in his case could begin deliberations on October 19
Brendan McDermid/Reuters/PA Images

The prosecuting attorney in the Mark Johnson case said he and his colleagues told “a bonanza of lies” as they schemed to profit off Cairn Energy’s multi-billion-dollar currency deal six years ago, and he asked jurors not to let Johnson have the last laugh.

In his closing arguments on October 17 in the Eastern District Court of New York, US attorney Brian Young said Johnson, former global head of foreign exchange cash trading at HSBC, used his superior knowledge to take advantage of a client in

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