Friday, October 26, 2018

REUTERS: London forex traders found not guilty in U.S. rigging case


SAT OCT 27, 2018 / 6:04 AM IST

London forex traders found not guilty in U.S. rigging case

NEW YORK (Reuters) - Three former London-based currency traders were found not guilty on Friday of U.S. charges that they schemed to rig benchmark exchange rates, the latest verdict to emerge from a U.S. probe into the multitrillion-dollar foreign exchange market.
L-R Michael Kendall defense attorney , Richard Usher,  Christopher Ashton, and Johnathan Pickworth  defense attorney
 (click on image to see larger) Artwork by Elizabeth Williams 

Chris Ashton, Rohan Ramchandani and Richard Usher, who worked at Barclays Plc, Citigroup Inc and JPMorgan Chase & Co, respectively, were acquitted of all charges by a jury in Manhattan federal court after a trial of conspiring to violate the Sherman Act, a federal antitrust law.

"Delighted with the verdict," Jonathan Pickworth, a lawyer for Usher (pictured) , told reporters outside the courtroom. "Richard can now go home to his lovely family."

More on Bloomberg: 

British Cartel Traders Acquitted of Rigging Currency Market

https://www.bloomberg.com/news/articles/2018-10-26/jury-rejects-charge-that-chatroom-was-used-to-fix-fx-prices

No comments:

Post a Comment