LONDON (Reuters) -A former JPMorgan investment manager and an ex-Julius Baer banker were sentenced to a total of 11 years by a London court on Monday for defrauding a Libyan sovereign wealth fund out of millions of dollars. Marino, formerly head of JPMorgan’s alternative investment emerging market group, was sentenced to seven-and-a-half years in prison. He had pleaded not guilty but was convicted after a trial, which he did not attend. The judge had previously issued a warrant for Marino’s arrest in October after he failed to appear at his trial. Prosecutors said after the hearing that the total value of the conspiracy was over $11 million, in U.S. dollars and euros.
