UK Financial Conduct Authority: Redinel Korfuzi And Oerta Korfuzi Sentenced To Combined 11 Years For £1m Insider Dealing And Money Laundering

Redinel Korfuzi took advantage of his position as a research analyst at Janus Henderson. In his role, he had access to confidential information that was likely to have an impact on companies’ share prices. He shared this with his sister Oerta to rig the system and make money.  

Mr Korfuzi regularly saw emails from companies gauging investor interest on plans to raise equity in the markets or sell large blocks of shares owned by existing shareholders. Within minutes Mr Korfuzi traded in the shares of those companies across a number of accounts, including those operated by his sister.

The case centred on 13 stocks, traded between 17 December 2019 and 25 March 2021, which generated a profit of more than £960,000. The FCA detected suspicious patterns of trading and analysed large sets of trading data to uncover the crime.

The Korfuzis were arrested in March 2021 as part of a search operation, which was carried out alongside the Metropolitan Police.

FCA investigators also uncovered an international money laundering operation. While the source of the cash remains unknown, 173 deposits were made into accounts controlled or operated by the siblings from the UK to Albania. This included nearly £25,000 of cash in English and Scottish bank notes that was found in two bags during the search of a safety deposit box in Knightsbridge.

Steve Smart, joint executive director of enforcement and market oversight, said:

'The Korfuzis exploited their privileged position and the confidential inside information they had access to. They rigged the system to satisfy their greed.

'We’re committed to working with our law enforcement partners to fight financial crime and taking forceful action against individuals who undermine the integrity of our markets.'

The FCA has begun proceedings under the Proceeds of Crime Act 2002 to ensure the benefit of the criminality is removed. 

Background

1. On 19 June 2025, Mr Korfuzi and Ms Korfuzi were found guilty of insider dealing and money laundering following an 18 week trial at Southwark Crown Court in a prosecution brought by the FCA.
2. Redinel Korfuzi’s date of birth is 20 May 1987. 
3. Oerta Korfuzi’s date of birth is 10 September 1988. 
4. The Financial Services and Markets Act 2000 gives the FCA powers to investigate and prosecute insider dealing, defined by The Criminal Justice Act 1993.
5. Redinel Korfuzi and Oerta Korfuzi were convicted of conspiracy contrary to section 1 of the Criminal Law Act 1977 to deal as an insider contrary to section 52(1) Criminal Justice Act 1993, between 17 December 2019 and 25 March 2021.
6. Redinel Korfuzi and Oerta Korfuzi were also convicted of dealing in criminal property contrary to section 327 of the Proceeds of Crime Act 2002 between 01 January 2019 and 25 March 2021.   
7. The individuals were charged in January 2023. As these offences predate 1 November 2021, when the maximum sentence available increased to 10 years, the insider dealing here is punishable by a fine and/or up to 7 years’ imprisonment.
8. The offence of money laundering is punishable by a fine or up to 14 years’ imprisonment.
9. The prosecution were unable to identify the source of the crime from which the cash derived.   
10. To report market abuse to us or to speak to someone about it, please see our market abuse webpage. 
11. The FCA has an overarching strategic objective of ensuring the relevant markets function well. To support this, it has three operational objectives: to secure an appropriate degree of protection for consumers; to protect and enhance the integrity of the UK financial system; and to promote effective competition in the interests of consumers.
12. The trial was prosecuted by Tom Forster KC of Red Lion Chambers and Tom Broomfield and Katherine Lloyd of QEB Hollis Whiteman Chambers on behalf of the FCA.
13. Find out more information about the FCA.