Future Of British Business
Ex-JPMorgan Fugitive Gets Jail Sentence in Libya Fund Fraud
- Three ex-bankers sentenced by judge in long-running case
- Men found guilty of defrauding Libyan sovereign wealth fund
Photographer: Scott Eells/Bloomberg
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A former JPMorgan Chase & Co. banker who’s now on the run was sentenced to 7 1/2 years in jail for his role in a multimillion-pound fraud against the Libyan government.
Frederic Marino, 56, was found guilty in December of fraud by abuse of position of trust from 2009 to 2014. Marino wasn’t present for his sentencing on Monday at Southwark Crown Court and an arrest warrant was already issued last year after he failed to show up for his eight-week jury trial.