As terrifying (if you are a former Citi trader) as the prospect of Carrie and her pals returning to our screens, it appears the seven ex-Citi traders involved in the August 2004 trading scandal over MTS are to be indicted in Italy.

The trial is due to start on 30 October 2007………and if the seven traders hire a certain Signor Berlusconi as a consultant, they may be able to drag out the trial until August 2011, at which time the statute of limitations will see them right. 🙂

Speaking of MTS, not much noise on the Hedge Fund/Prop House joining the MTS markets front. Was this the baby of Messrs Garbi and Rakotavao?