Ex-forex traders in Singapore get jail time for cheating banks
Former HSBC senior dealer Ivan Chng was sentenced to 15 weeks in jail, Singapore High Court Justice See Kee Oon said on Wednesday. Ex-Deutsche Bank trader Toh Hway Khuan was given an eight-week sentence. Neither man was fined. The two were convicted in January of using their banks' accounts in 2009 to get preferential rates on the US dollar.