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U.S. Seeks Break for Swiss Trader Who Made $70 Million Illegally

  • Marc Demane Debih profited from international insider ring
  • Former Geneva trader cooperated with U.S. investigation

U.S. prosecutors asked for leniency for a former Swiss trader who admitted raking in $70 million from an international insider trading ring that bridged three continents, generating a fortune in illegal profits from tips stolen by bankers.

Marc Demane Debih was part of a web of inside traders that generated tens of millions of dollars on illegal tips about drug company earnings and acquisitions. He was arrested in Serbia in 2018, then secretly held in U.S. custody before pleading guilty to 38 criminal counts in a hearing in New York that was closed to the public.