Weavering's Peterson jailed for $500m swaps fraud

Due diligence should have raised investors’ suspicions

Magnus Peterson sentenced to 13 years for $500m Weavering fraud

Magnus Peterson, the manager of Weavering Macro Fixed Income Fund, has been sentenced to 13 years in prison after losing investors $537 million in a fraud case reported to be among the biggest in aftermath of the financial crisis.

The UK-resident Swedish fund manager was convicted of eight counts of fraudulent trading, forgery, false accounting and deception on 19 January. Questions will be inevitably raised as to what regulators can do to reduce the chances of such a deception happening again.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: