Simpson Thacher picks up top fraud prosecutor

Jeffrey Knox joins the firm's Washington office having worked on some of the biggest Wall Street banking cases.

Alibaba has come under the SEC spotlight vichie81

Mr Knox leaves the department as his actions against global banks for alleged manipulation of foreign currencies comes to a head. According to the New York Times, the criminal division of the Justice Department has had four leaders in the last 18 months, two of whom left to join Covington & Burling as partners. With banks under the spotlight, law firms are on the look-out for such hires and are willing to pay seven figure salaries to acquire them. Source: New York Times

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