It’s hard to tell who laughed the most when news broke that yet another major bank is being sued by the Libyan sovereign wealth fund. After all, a case involving a Goldman Sachs derivatives salesperson who told a Libyan finance official to “get divorced from your wife for a weekend” as he entertained his client was fodder enough for all watching. Now more news hits the tape as a bribery case involving Societe Generale is moving forward to trial. Libyan sovereign wealth fund claims $58.5 million in payments to person connected to Gaddafi who had no derivatives knowledge was a…
Societe Generale Latest To Go To Court In Libyan Sovereign Wealth Fund Bribery Case
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.