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.
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| 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."
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