Tokyo-based Nomura Holdings has extorted hundreds of millions of dollars in deals for hedge fund Glenpoint Capital, according to people familiar with the matter.
Prosecutors on Thursday accused Phillips, 52, of working with employees of an unidentified Singapore-based company to manipulate the exchange rate, arranging about $725 million in currency transactions. said. The company, known only as Bank-3 in the indictment, is Nomura, according to the person, who asked not to be identified because the details are private.
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