LONDON, July 4 (Reuters) - A former Janus Henderson
analyst was sentenced to six years in prison on Friday for using
confidential information on companies, including Daimler, Jet2
and THG to make nearly 1 million pounds ($1.4 million) following
a London court trial.
Redinel Korfuzi, 38, used information he accessed through
his job as a research analyst at the asset manager to place bets
alongside his sister Oerta Korfuzi, 36.
The siblings pleaded not guilty to charges of conspiracy to
commit insider dealing and money laundering between January 2019
and March 2021, but were convicted last month after a trial at
Southwark Crown Court.
Judge Alexander Milne sentenced Redinel Korfuzi to six years
in jail and Oerta Korfuzi, who had an investment and finance
qualification, to five years, saying the pair were "intelligent
and financially aware individuals" whose actions were a
"betrayal of trust".
Janus Henderson ( JHG ), which manages roughly $380 billion in
assets, was not involved in the criminal case or accused of any
wrongdoing.
A spokesperson said when the Korfuzis were convicted: "The
protection of confidential information is extremely important to
Janus Henderson ( JHG ) and the firm treats any actual or suspected
misuse of confidential information with the utmost seriousness."
Prosecutor Tom Forster told jurors at the start of the trial
in February that Redinel and Oerta Korfuzi used lockdown
restrictions imposed from March 2020 to carry out the conspiracy
from the London flat they shared.
Forster added that the defendants made a profit of around
963,000 pounds in relation to 11 companies' shares in just over
six months.
The Financial Conduct Authority previously said Janus
Henderson ( JHG ) had cooperated fully with its investigation.