‘Cartel’ Currency Traders Charged in Market-Rigging Case
- Three traders indicted by grand jury on price-fixing charges
- Rigging charges stem from criminal cases against five banks
U.S. Prosecutors Charge Three Traders on FX Rigging
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U.S. prosecutors charged three ex-traders at the heart of a criminal investigation that has ensnared the world’s biggest banks over the rigging of currency rates.
Richard Usher, formerly of JPMorgan Chase & Co., Rohan Ramchandani, who used to work for Citigroup Inc., and Chris Ashton, a former Barclays Plc trader, were indicted Tuesday on conspiracy charges in New York. They’re all living in the U.K. and will have to be extradited unless they surrender voluntarily.