Guilty verdict returned in Johnson case

Jury finds Mark Johnson guilty of conspiracy and eight counts of wire fraud

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Mark Johnson: "They convicted an innocent man," says defence attorney John Wing
Brendan McDermid/Reuters/PA Images

Mark Johnson, former global head of foreign exchange cash trading at HSBC, was found guilty of conspiracy and eight counts of wire fraud on October 23, ending a front-running case that has gripped the attention of currency market participants for weeks.

Jurors in the Eastern District Court of New York reached a verdict shortly after 12:05pm. They found him not guilty on count three of the indictment, regarding a 2:27pm call on December 7, 2011, where co-defendant Stuart Scott informed Johnson

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