The US charged 3 former London-based FX traders over currency rigging
13 Jan 2017

US prosecutors accused three former London currency traders of arranging a “conspiracy” to rig the foreign exchange markets.

Richard Usher, who worked at both Royal Bank of Scotland and JPMorgan, Rohan Ramchandani, a former Citi banker, and Christopher Ashton, who used to be at Barclays, were charged with “conspiring to fix prices and rig bids for US dollars and euros exchanged in the FX spot market,” the DoJ said in a statement.

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