Former Deutsche Bank managing director imprisoned for accepting bribes

A Hong Kong jury ruled Ma Sin-chi illegally provided information on the bank’s derivative warrants

With banks so often in the news recently for widespread discriminatory lending practices or collusion to manipulate Libor or reckless spending, it’s sometimes tough to remember that fraud can take more compact forms as well, such as when a single trader goes rogue and takes bribes.

Unfortunately for Ma Sin-chi, however, a Hong Kong jury has not forgotten about the little guy. The former Deutsche Bank AG managing director has been sentenced to seven years in jail for accepting HK$24.8 million ($3.2 million) in bribes. He must also pay Deutsche Bank back the HK$24.8 million sum.

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Zach Warren

Zach Warren is Assistant Editor of InsideCounsel magazine, where he oversees online content submissions and administers InsideCounsel's enewsletters. Zach specializes in new media and multimedia...

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