Ex-JPMorgan Trader Asks Court to Void Price-Fixing Conviction
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A former JPMorgan Chase & Co. currency trader asked an appeals court to throw out his conviction for plotting with traders at other banks to manipulate prices of African, European and Middle Eastern currencies.
Akshay Aiyer was found guilty in 2019 of conspiring to violate antitrust laws and sentenced to eight months in prison. On Friday, his lawyer asked a federal appeals panel in New York to dismiss the case, saying that the judge at his trial failed to allow him to argue that his conduct wasn’t anticompetitive, didn’t affect currency prices and didn’t increase his profits.