Politics In Your Terms

Three Former Traders for Major Banks Arraigned in Foreign Currency Exchange Antitrust Conspiracy

07/16/2017: Department of Justice Antitrust

Three United Kingdom nationals and former traders of major banks voluntarily surrendered to the FBI and were arraigned on a charge arising from their alleged roles in a conspiracy to manipulate the price of U.S. dollars and euros exchanged in the foreign currency exchange (FX) spot market, the Justice Department announced today.