Barclays Ex-Trader’s Gifts of NFTs Emerge in Employment Lawsuit

A former Barclays Plc trader’s gift to multiple colleagues of digital art depicting Amsterdam’s red-light district has emerged in an employment dispute the bank is fighting with another former trader.

Ovie Faruq, a former high-yield cash and derivatives trader, left Barclays in late 2021. He gave the unsolicited gifts after leaving to former colleagues including Kamal Sandhu as well as several other senior markets executives. The nonfungible tokens are flashing red and pink digital collectibles that are part of Faruq’s Red Lite District collection.