City analyst jailed for £970k insider trading fraud

An investment analyst in the City and his sister used confidential information to steal £973,000 in insider trading but thought they were ‘too clever to be caught out’

Redinel Korfuzi, 38, and his sister, Oerta Korfuzi, 36, both from Albania, have been jailed for six years and five years respectively after being found guilty of insider trading and money laundering totalling £973,115.93, following a Financial Conduct Authority (FCA) investigation.

Redinel worked as a research analyst at Janus Henderson where he would regularly handle confidential information that would more than likely have an impact on share prices. His main role was to provide research and advice on long-term investments in stocks and shares.

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