Joshua L. Ray
Josh is a US-qualified lawyer who defends corporates and individuals in major cross-border investigations and regulatory actions, including a large proportion of Rahman Ravelli’s expanding US-facing caseload.
He has significant experience advising international clients with exposure to the US Foreign Corrupt Practices Act and the UK Bribery Act. Josh is also regularly relied upon in matters involving market manipulation allegations. His in-depth work in this area has included many notable cases involving trading in the foreign exchange, precious metals and American Depositary Receipt markets. He has also had senior roles in investigations and prosecutions relating to anti-trust violations, price fixing, bid rigging, securities and commodities 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 involving allegations of fraud, bribery, sanctions violations and money laundering.
As a lawyer well-versed in representing clients facing proceedings brought by authorities such as the UK Serious Fraud Office and the US Department of Justice (DOJ), Securities and Exchange Commission (SEC) and Office of Foreign Assets Control, Josh has handled cases across the full range of business sectors around the world. His clients operate 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 has also represented the former regional head of a worldwide bank investigated by the DOJ and SEC over Foreign Corrupt Practices Act violations and the former CFO of a global telecommunications corporation facing allegations of authorising hundreds of millions of dollars in bribes to a foreign official in Uzbekistan.
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 international law firms in New York and London. He received his undergraduate degree from Cornell University and his law degree from Cornell Law School.