A Barclays Plc foreign-exchange trader accused of defrauding Hewlett-Packard Co. is challenging his U.S. indictment with an unusual legal theory, claiming prosecutors abused an international-document request to extend the statute of limitations on his actions.
Robert Bogucki, who was head of currency trading in New York for the bank in 2011, was indicted last month by a grand jury in San Jose, California, for trading that year, beyond the standard five-year period to bring charges. He pleaded not guilty and remains employed by Barclays.