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Insider-trading accountant jailed
13 May 2016
Accountant Andrew Hind has been sentenced to three and a half years in jail for his role in a landmark insider trading case.
His co-conspirator banker Martyn Dodgson was sentenced to four and a half years for his role in Britain’s biggest insider-trading scam.
Hind, a former FD at Topshop acted as the ‘middle man’ passing on information from Dodgson to traders in an elaborate scheme between 2006 and 2010.
Hind made £238,460 from the scam and Dodgson who was on a salary of £600,000 in 2009 made £469,720. In all the plot made over £6.6m for those ‘involved’.
The FCA has said it will now pursue confiscation proceeding against Hind under proceeds of crimes rules.
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