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Joshua L. Ray

Partner

"Very knowledgeable and dynamic. He discusses things in a clear, straightforward manner and is aware of the international dimension to cases."
The Legal 500

"Very knowledgeable and dynamic. He discusses things in a clear, straightforward manner and is aware of the international dimension to cases."
The Legal 500

An English solicitor and US-qualified lawyer, Josh is a London-based partner who represents individuals and corporations in cross-border criminal and civil litigation, investigations, and contentious regulatory matters.  He also advises international corporations on compliance with anti-money laundering, sanctions, and anti-bribery regulations in the US and UK.    

Josh has extensive experience defending individuals in enforcement proceedings brought by British and American law enforcement agencies including the SFO, FCA, DOJ, SEC, CFTC, and OFAC.  He has particular expertise in market manipulation, securities fraud, insider trading, and FCPA matters.  His international criminal practice covers extradition, challenges to INTERPOL Red Notices, and asset restraints and seizures. 

In his civil litigation practice, Josh represents clients involved in complex commercial disputes in American federal courts and the UK High Court.

A published author, Josh’s articles have featured in the NYU Journal of Law & Business, the New York Law Journal, the World Financial Review, Bankers Magazine, and elsewhere.  He is the author of White Collar Criminal Prosecutions in the US and UK, a forthcoming book scheduled to be published by the American Bar Association in 2022. 

Josh earned his undergraduate degree from Cornell University and his law degree from Cornell Law School. 

Representative Matters

  • Defense of a US investment firm and its founder in an £18 million civil fraud and bribery action in the UK High Court.
  • Advice to an Irish national seeking to challenge an INTERPOL Red Notice issued by the Brazilian authorities.
  • Defense of a UK citizen charged by the SEC with market manipulation in the federal court in Boston.
  • Representation of a UK publishing company and three of its employees in a copyright infringement action filed in the Southern District of New York.
  • Advice to an American insurance company with respect to enforcing a multi-million dollar judgment in the UK.
  • Representation of one of the largest private banks in Southeast Asia in connection with a global assessment of its sanctions exposure and related compliance policies and procedures.
  • Advice to an EU-based international software provider with respect to potential violations of US and UK foreign bribery laws.
  • Defense of a Slovakian futures trader and his family business in a market manipulation and spoofing enforcement action filed by the CFTC in federal court in Chicago.
  • Defense of a former telecom executive based in Moscow under indictment by the DOJ for his alleged participation in an $880 million FCPA and money-laundering scheme.
  • Representation of a former hedge fund trader and the founder of a hedge fund advisory business in London under investigation by American authorities for possible insider trading.
  • Advice to a senior automotive engineer in filing a claim against a Chinese manufacturing company under the SEC’s FCPA whistleblower program.
  • Advice to a European cybersecurity firm with respect to compliance with US and UK sanction and export control laws. 
  • Representation of several employees for a major international bank pursuant to a DOJ and OFAC investigation into violations of US sanctions on Iran.
  • Advice to a Dubai-based cryptocurrency and non-fungible token (NFT) art dealer on compliance with US and UK money-laundering and sanction laws.
  • Representation of the founder of a credit risk and analytics provider involved in a class-action lawsuit against several major financial institutions concerning their stock-lending practices.
  • Defense of a senior American Depositary Receipt trader at an international bank in a price fixing and bid rigging investigation by the DOJ’s antitrust division which resulted in the client obtaining a non-prosecution agreement.
  • Defense of a London-based precious metals trader for a Japanese bank in a spoofing and market manipulation investigation by the CFTC and CME Group. 
  • Defense of a London-based senior executive for an American financial institution charged by the DOJ in Boston with orchestrating a $15 million wire and securities fraud scheme. 
  • Defense of a British precious metals futures trader against criminal charges of spoofing and wire fraud filed by the DOJ in Chicago along with a parallel CFTC enforcement action. 
  • Representation of a Qatar-based investor in a challenge to an INTERPOL red notice requested by Kuwaiti authorities in connection with a purported embezzlement and fraud scheme.
  • Representation of the former CFO of a multinational telecommunications company in a DOJ investigation of FCPA and money-laundering offenses in Uzbekistan. 
  • Representation of the former regional CEO of a global UK-based bank in a joint DOJ and SEC investigation into potential FCPA violations stemming from the bank’s hiring practices in Asia. 
  • Defense of a hedge fund analyst indicted by the DOJ in New York for insider trading offenses related to the merger of two technology companies. 
  • Representation of a several London-based sales traders in an investigation by the New York Attorney General and CFTC into possible fraud and market manipulation. 
  • Representation of a London-based investor in an SEC insider trading investigation. 
  • Representation of numerous foreign exchange traders working for global financial institutions in London involved in a wide-ranging DOJ market manipulation investigation.
  • Representation of an index derivatives trader for a global investment bank in an internal investigation regarding alleged collusive trading practices.
  • Defense of a Swiss banking executive indicted in New York for conspiring with US taxpayers to illegally evade taxes and hide assets.
  • Representation of an executive at an international environmental services firm in an FCPA and money laundering investigation by the DOJ.
  • Representation of an international businessman in legal matters arising out the 1MDB foreign bribery case, including civil asset forfeiture proceedings in the US and related investigations in Singapore, Switzerland and elsewhere.
  • Representation of five senior sales executives of a London-based global bank in an investigation of possible market manipulation and fraud related to foreign exchange trading brought by the DOJ, SEC, CFTC, and FCA.
Joshua L. Ray

Joshua L. Ray

Partner

joshua.ray@rahmanravelli.co.uk
+ 44 (0)203 947 1539 vCard

Joshua Ray represents individuals and corporates in complex investigations, prosecutions and regulatory actions regarding market manipulation and multijurisdictional matters involving fraud, bribery and money laundering.


Professional Affiliations

  • New York Bar; U.S. District Courts for the Southern and Eastern Districts of New York.
  • International Bar Association
  • European Criminal Bar Association
  • Fraud Lawyers Association
  • American Bar Association
  • Defence Extradition Lawyers Forum