Ex-Barclays Forex Rigger Who Helped Feds Fined $50K
Law360, New York (October 5, 2020, 4:54 PM EDT) -- A Manhattan federal judge on Monday fined a former Barclays trader who cooperated in the feds' investigation of currency price-rigging inside big banks, ordering him to pay $50,000 but sparing him prison time.
At an open-court hearing where all wore masks as a safeguard against the dangers of COVID-19, U.S. District Judge John G. Koeltl handed down the sentence for Jason Katz, who pled guilty in 2017 to conspiring to violate the Sherman Act and engaged in extensive cooperation with the U.S. Department of Justice.
"The cooperation was extraordinary because it stretched over three years," Judge Koeltl said of Katz. "He...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!