‘Cartel’ Traders Weigh Surrender to Face U.S. Rigging Charges
- U.S. said to discuss ways for U.K. traders to skip extradition
- Mountain of trades, fading memories could complicate U.S. case
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Some of the U.K. currency traders whose online chats led to guilty pleas by four of the world’s biggest banks are weighing whether to present themselves to the U.S. to fight charges against them.
Federal prosecutors are discussing ways for three U.K.-based traders to avoid an extensive extradition process and come to the U.S. voluntarily for trial, according to people familiar with the talks. At least two are considering it, two people said.