On Monday announced the British Serious Fraud Office to Weavering Capital founder and manager Magnus Peterson was convicted of fraud and forgery.
It notifies the British Serious Fraud Office today.
Today awarded penalty and Peterson judged now to 13 years in prison . Since Monday’s ruling, he has been detained in HM Prison Wandsworth.
The judgment means that a six-year investigation by the Serious Fraud Office in the collapse of Weavering Capital hedge fund is now over. Investors are said to have lost 350 million pounds.
The article continues below 
For the merger of retribution said Judge Smith at Soutwark Crown Court that Peterson completely unaware of the risks his actions meant investors and that it was foreseeable that they would lose substantial sums.
– Sophisticated dishonesty of this kind requires the highest possible punishment, he said.
On Monday sentenced Peterson at eight points of fraud by Sothwark Crown Court. He was the lead manager of macro hedge fund Weavering Macro Fixed Income Fund and blew up the fund’s value through internal business with the help of swaps made with his own offshore company Weavering Capital Fund as counterparty.
For six years, he made deals worth a total of 600 one million US dollars to the fund’s collapse in 2009.
As early as 2011 he was tried in civilian judicial authority when the Fund likviatorer taken the case to court.
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