Advertisement

Two were charged in a bond embezzlement case.

Share via

British police have charged a former employee of Prudential-Bache Securities and another man with fraud in connection with an unauthorized computer transfer of $8.5 million in bonds from the firm’s London office to a Swiss bank account. The former brokerage worker, Angelo Lamberti, a supervisor in the Eurobond settlement department, resigned from Prudential-Bache last February during a police investigation of the incident. His relationship with the other man charged, John Felinski, was not immediately clear.

Advertisement