Joshua L. Ray
Josh is a US-qualified lawyer who defends companies and individuals in complex investigations, prosecutions and regulatory actions. His work focuses on multi-jurisdictional matters involving fraud, bribery, money laundering and market manipulation, and he leads Rahman Ravelli’s US-facing business crime practice group.
He helps clients navigate through proceedings brought by British and American regulators, including the UK’s Serious Fraud Office (SFO) and Financial Crime Authority (FCA) and the US’ Department of Justice (DOJ), Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC). Josh also has expertise in investigations brought by the World Bank and other multilateral development banks (MDBs).
He has significant experience advising senior corporate figures with exposure to the US Foreign Corrupt Practices Act (FCPA) and the UK Bribery Act. For example, he is currently lead counsel for the former CEO of a major telecommunications company who is under indictment in the Southern District of New York for alleged involvement in one of the largest FCPA cases in history. Josh is also assisting this client defend against criminal money laundering allegations in the US and parallel asset forfeiture proceedings in Switzerland.
Josh has extensive experience in market manipulation cases. His past work in this area includes several high-profile matters involving individuals accused of wrongdoing while trading currencies, commodities and American Depositary Receipts. He has also had senior roles on defence teams for clients being investigated for possible anti-trust and sanctions violations, securities fraud, insider trading and spoofing.
Josh has been involved in some of the largest recent corporate investigations, including the multi-agency Airbus foreign bribery case. He has represented individual and corporate clients in a number of other complicated multijurisdictional investigations across a range of business sectors around the world. His clients have operated in finance, asset management, banking, securities trading, resource extraction, environmental services, and telecommunications, amongst others.
These clients have recently included a major Asian telecommunications company suspected of export control violations and trade secret theft, senior executives at a global bank accused of foreign exchange market manipulation and fraud, an executive at a publicly-owned Swiss bank under US indictment for tax evasion and an executive indicted in a multi-million dollar securities fraud case.
Josh’s asset forfeiture and civil recovery expertise has seen him working on some of the most high-profile regulatory actions, including litigation relating to the 1MDB Malaysian investment development fund scandal.
Prior to joining Rahman Ravelli, Josh worked for leading international law firms in New York and London.
Josh has a BA in Government from Cornell University and earned his law degree, cum laude, from Cornell Law School.