Former Deutsche Bank foreign exchange (FX) options and futures trader, Andrew Donaldson, has been charged with 85 offences in respect of dishonestly using his position as an employee with the intention of gaining an advantage for himself.
Donaldson, who, in 2016, was banned from providing financial services, is accused of recording false transactions and false fixed cashflows in Deutsche Bank’s internal systems between July 2013 and June 2014.
The accusations were brought by the Australian Securities and Investments Commission (ASIC) following an investigation by the regulator.
The false entries increased the trader’s reported trading profits and temporarily offset trading losses he had suffered.
Donaldson’s charges were listed before Sydney’s Downing Centre Local Court on 6 February, but he did not enter a plea.
The matter has been adjourned to 10 April.