‘Cartel’ Traders Walk Free After Cleared in Forex Rigging Trial

[kreslik.news]

Following a lengthy trial, a US court  dropped criminal complaints against three British traders accused of conspiring to rig the foreign exchange market, two years after the men were acquitted by a U.K. court.

The case against Richard Usher, formerly of JPMorgan Chase & Co., Rohan Ramchandani, who worked at Citigroup Inc., and Chris Ashton, a former Barclays Plc trader, was closed in a New York court Friday.

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The decision comes after the men asked a US judge to dismiss the case against them, saying they did nothing wrong as their banks “weren’t ... (read more)