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‘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
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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.