Financial Crime Financial Crime

Plastics manager made thousands on ‘racing certainty’ spread betting, UK regulator says

By Martin Coyle
  • 05 Apr 2022 16:47
  • 05 Apr 2022 16:47
A manager at UK plastic-manufacturing company RPC Group made 132,000 pounds ($173,000) profits on “racing certainty” spread betting using insider information about its planned takeover of a rival, a London court was told today.
Prosecutor Ben Summers told jurors at Southwark Crown Court that two golf-playing friends illegally traded

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Martin Coyle

Senior Correspondent

Martin Coyle is a senior correspondent, based in MLex's London office, reporting daily on bribery and corruption issues in the UK and Europe. Previously he was a senior editor at Thomson Reuters where he covered anti-money laundering, financial crime and regulatory enforcement issues. Prior to that he was editor of The Accountant, the world's oldest accounting publication, and International Accounting Bulletin, a bi-monthly business journal owned by Lafferty.

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