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City of London

Ex-JPMorgan Banker Defrauded Libya Fund of Millions, Jury Told

  • Prosecutors accuse Marino, Ohmuru of fraud, fraudulent trading
  • Both men, on trial in a London court, deny all the charges

Two former London bankers hired by Libya to manage hundreds of millions of dollars in investments are accused of defrauding the sovereign fund by funneling off cash for themselves. 

Frederic Marino and Yoshiki Ohmura, conspired to commit fraud and undertook fraudulent trading between 2009 and 2014, prosecutors alleged at the start of a London trial. The pair deny all the charges.