London forex traders found not guilty in U.S. rigging case
29 Oct 2018

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.

Chris Ashton, Rohan Ramchandani and Richard Usher, who worked at Barclays Plc (BARC.L), Citigroup Inc (C.N) and JPMorgan Chase & Co (JPM.N), 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, told reporters outside the courtroom. “Richard can now go home to his lovely family.”

– By Brendan Pierson, Reuters, 29 October 2018.

Link to Reuters.

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