Johnson sentenced to two years in prison

Johnson was taken to prison immediately after the hearing, but lawyers are preparing for appeal argument

mark johnson - PA photo - payment for every use.jpg
Ex-HSBC FX head Mark Johnson's case ends in a much less severe sentence than the DoJ sought
Brendan McDermid/Reuters/PA Images

Former HSBC currency executive Mark Johnson has been sentenced to two years in prison and fined $300,000, closing the US government’s criminal case against him.

District Court Judge Nicholas Garaufis also sentenced him to five years supervised release in an effort to promote deterrence. The sentencing imposed on Johnson is far less than the minimum of seven years sought by the US Department of Justice, but far from the home confinement sought by the defence.

“Johnson’s crimes may be at the

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