Skip to content
Subscriber Only

Banker Walks Free From Insider Trading Charge After Deleting WhatsApp

  • FCA loses London case against banker for destroying messages
  • Juries acquit in cases involving deleted texts, hidden laptops
WhatsApp Illustrations As Facebook's U.S. Fine May Be Great Investment
Photographer: Andrew Harrer/Bloomberg
Updated on

Konstantin Vishnyak did one thing before he handed the second of his two iPhones to the police officer arresting him: he deleted Whatsapp.

Two years later, a London jury acquitted him of destroying documents that he knew would be crucial to an investigation into his trading activity. The banker admitted removing the application from his phone, but said he did so to keep his friendship with one of the most wanted men in Britain a secret.