FSA Charges Husband and Wife Team with Insider Dealing
There’s things that married couples should do together – share a house, a glass of wine, a bed even…
…but a penchant for insider dealing – leave that at the threshold.
Former Shore Capital Group Plc and Dresdner Kleinwort investment banker Christian Littlewood and his wife Angie Lew have been charged by the FSA with 13 counts of insider dealing in a ring alleged to have operated over almost a decade.
According to the FSA, the couple is charged in connection with trading of shares listed on London’s Alternative Investment Market between 2000 and 2009. A third suspect from Singapore was arrested in the Comoros Islands, a French territory off the coast of Africa.
It’s always the quiet ones:
Daily Telegraph: Former Dresdner employees expressed surprise at the insider trading charges. “He was quite a nerdy guy,” said one former colleague. “He certainly wasn’t a charismatic or colourful person and he never really stood out in anyway at the bank.”
Jeremy Summers, Christian Littlewood’s lawyer at London-based Russell Jones & Walker, said in a statement, “Littlewood has cooperated with the investigation from the outset and is disappointed with its conclusion.” And, “He looks forward to being able to clear his name at trial.”
Quality time – fortunately for the couple, they have been bailed ahead of a London court appearance on April 6 to face the charges. Whatever the outcome, it would be a good time to enjoy some of the more relaxing things a couple can share with one another.
Chatting to lawyers, preparing witness statements…
