In a recent indictment, the DOJ said that the co-founder of a hedge fund backed by George Soros, Neil Phillips, was arrested for forex manipulation in Spain.
A FX trade that George Soros made $1 billion on thirty years ago was widely seen as manipulative at the time, and the Hungarian was fortunate to escape arrest. His protégé was not as fortunate today.
The DOJ stated in an unsealed indictment (pdf below) this morning that Neil Phillips, the co-founder and CIO of the UK-based hedge ...
