Former Janus Henderson research analyst Redinel Korfuzi has been sentenced with six years imprisonment following a conviction of insider dealing and money laundering.
In his role as an analyst, Korfuzi had access to email communications from companies gauging investor interest in capital raising or sharing plans to sell large blocks of shares. He used this information to trade shares across these companies across a number of accounts, alongside his sister Oerta Korfuzi.
More than £960,000 was generated in this way, derived from 13 stocks traded between 17 December 2019 and 25 March 2021.
Commenting on the result, a Janus Henderson spokesperson stated that no other parties were involved in Korfuzi’s criminal practices. “We are pleased that the proceedings related to this legacy matter have now concluded. Neither Janus Henderson, nor any other past or current employee of the firm, was the subject of the proceedings or accused of any wrongdoing.”
The siblings have also been convicted of international money laundering, which was discovered during 2021 investigations into the insider dealing case.
The maximum sentence for insider dealing is seven years imprisonment. For money laundering, this rises to 14 years.
