Moore Capital London Office Raided, At Least One Employee Arrested


The London-based hedge fund, Moore Capital, was one of the firms raided by the City watchdog the FSA, the BBC has learned. One person at Moore Capital and five other City workers are being held. Those arrested are suspected of taking part in a long-running insider-dealing scheme. The arrests came after 16 addresses were searched in a joint probe by the Financial Services Authority (FSA) and Serious Organised Crime Agency (Soca). Documents and computers were seized from premises in London, the South East and Oxfordshire. It is the FSA’s biggest operation against insider dealing.

Update: A suspect and statement from Moore, via the WSJ:

Among the suspects arrested Tuesday morning was Julian Rifat, a London-based execution trader for Moore Capital, according to people familiar with the matter. Mr. Rifat couldn’t immediately be reached for comment.

In a statement Tuesday, Moore Capital, a prominent New York-based hedge fund with about $14 billion in assets under management, said U.K. authorities had executed a search warrant for documents related to an employee on its London equity-execution desk. Moore said the investigation doesn’t involve any of the hedge fund’s capital and that the firm “is cooperating fully with the FSA in its investigation.”

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28 Responses to “Moore Capital London Office Raided, At Least One Employee Arrested”

  1. guest says:

    At least Europe knows how to deal with dangerous hedge fund types.

  2. Anonymous says:

    “Moore Capital London Office Raided, At Least On Employee Arrested”

    You mean One Employee Arrested… getting sloppy Bess.

  3. Bess Levin says:

    @2 yes, leaving out an ‘e’ is indicative of “getting sloppy.”

    oh, and blow a goat.

  4. Anonymous says:

    What am I bid for Trinchera Ranch?

  5. Goat says:

    @3 – Great advice, Bess!

  6. Anonymous says:

    Julian Rifat wat up?

  7. Anonymous says:

    Julian Rifat wat up?

  8. Anonymous says:

    @2 Bess told your troll a$$ off! You go girl!

    Nobody puts Bess in the corner!

  9. 5,

    Filthy fucking imposter.

  10. Anonymous says:

    “Blow a goat” is an imperative. It is not advice.

  11. Anonymous says:

    @2, dude you are a major fag. In fact your comment is so lame that simply reading it making take an extra dose of estrogen.

    – Andrew Tong, SAC

  12. Anonymous says:

    Would like to making fuck, BERSERKER!

  13. glitchblip says:

    BL hun, give a piece of your mind to DB web folks. They are way past ‘getting sloppy’.

  14. Seaman Bodine II says:

    wow it’s just like Fred Claus

  15. Anonymous says:

    roger moore blew goats in live and let die

  16. 1) did they find any “unusual” items in his office? just askin’
    -J. Gundlach

    2) who needs insider trading in this market, just go long futures contracts – up 17 of the last 20 days…don’t make money – print it!

    3) bessy – I’ve had it with your IT dept. I’ve got a team of monkeys that will work for half of whatever you’re paying the current jokers! for the love of pete, get it fixed!

  17. Anonymous says:

    Should just shut down this site once and for all instead dying this slow miserable death

  18. Death says:

    Oh for the love of GOD I should trade options based on whether every time I click this site I actually get a response. No excuse for this shit.

  19. Anonymous says:

    Cluzo, please do not refer to our friends from the subcontinent as “monkeys.” Or macacas.

  20. Anonymous says:

    do the other breaking media sites have as many issues ad this one?

  21. Bess Levin says:

    @20 yup, all of them. it’s a bucket of fun around the breaking media office these days.

    @18 you should.

  22. Anonymous says:

    @19 – hardly. My curry-munching brethren would never fuck it up so spectacularly. Have you even googled “Nick Scholl”. This site’s death is 100% hipster douche, ambiguously straight, skinny jeans and converse-wearing, obscure opera enthusiast, technologically incompetent moron induced. In other words – you people.
    Thank you, come again…

  23. Anonymous says:

    @22 “In other words – you people.” wait what? wtf are you talking about? you think DB readers are hipsters? they’re wall street white boys. buy a clue.

  24. guestapo says:

    @19 apu. What are you trying to say? Is Nick the author of this abomination? If he is can we send Israeli’s with British passports round to take care of him.

  25. Anonymous says:

    @24 was meant for @22

  26. Anonymous says:

    @22 i see where you’re going. This guy is “web designer,” nice. Can we get a confirm he’s responsible for this mess. Why doesnt DB management just throw out thus unscalable garbage?

    Nick’s site is

  27. eye says:

    one deutsche bank guy is involved as well–just FYI

  28. I think this band is far more bigger than those who were arrested