A former analyst at Janus Henderson Investors has been found guilty of orchestrating a sophisticated insider trading and money laundering operation that generated nearly £1 million in illegal profits. Redinel Korfuzi, 38, along with his sister Oerta, 36, were convicted by a jury at Southwark Crown Court after a four-month trial that shed light on one of the most significant market abuse cases in recent UK history.
Between late 2019 and early 2021, Redinel exploited his position at Janus Henderson to access confidential, price-sensitive information about upcoming equity placements and financial moves of publicly listed companies, including Daimler, Jet2, Hargreaves Lansdown, and THG. He then passed this inside information to his sister and others, who executed trades just before public announcements caused share prices to shift. These carefully timed trades resulted in unlawful profits of approximately £963,000.
The operation was run from a shared flat in Marylebone, central London, during the COVID-19 lockdown period. Prosecutors argued that the remote working environment allowed Korfuzi to access sensitive information without direct oversight, making it easier to carry out illicit activity without drawing suspicion.
The laundering of the profits was equally calculated. Oerta Korfuzi handled at least 176 separate cash deposits totaling nearly £200,000 across different banks and deposit services. The siblings claimed the cash originated from their father’s construction business in Albania, but the jury rejected this as a cover story for a deliberate attempt to disguise the source of criminal proceeds.
Described by prosecutors as a “secret trading club rigged by inside information,” the scheme was built on a foundation of greed and deceit. Redinel used his knowledge of pending transactions to gain an unfair market advantage, while Oerta played a central role in hiding the financial trail.
While the Korfuzi siblings were found guilty, two additional individuals charged in the case—personal trainer Rogerio de Aquino and his partner Dema Almeziad—were acquitted after the jury found no evidence they were aware of the insider trading operation.
Sentencing is scheduled for July 4. The convictions carry serious consequences: insider trading can result in up to seven years in prison, and money laundering offenses can lead to sentences of up to 14 years. The Financial Conduct Authority (FCA), which led the investigation, is also seeking confiscation of the illegal profits under proceeds of crime legislation.
Janus Henderson, the global investment firm where Redinel was employed, fully cooperated with the investigation and emphasized that the breach of trust was an isolated incident. The company has reiterated its commitment to strict data security and regulatory compliance.
This case is part of the FCA’s growing effort to crack down on market abuse and reinforces the risks faced by professionals who misuse privileged information for personal gain. It also highlights the challenges posed by remote work environments in maintaining effective oversight and compliance controls.
