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Three Former London FX Traders Found Not Guilty In U.S. FX Benchmarks Rigging Case

Date 26/10/2018

Three former London-based currency traders were acquitted of using an online chatroom to to rig benchmark exchange rates, 

A federal jury in  in Manhattan federal court acquitted Richard Usher, Rohan Ramchandani and Chris Ashton, a group known as "The Cartel," of charges that they rigged the the multitrillion-dollar market from 2007 to 2013 by coordinating trades and manipulating prices on the spot FX rates for Euros and U.S. dollars.