Profane Chats Proof Of Forex Rigging Conspiracy, Jury Hears

Law360, New York (November 19, 2019, 5:21 PM EST) -- A Manhattan jury is set to begin deliberating bid-rigging charges against former JPMorgan forex trader Akshay Aiyer after federal prosecutors and Aiyer's defense team clashed Tuesday over whether sometimes-crude chats prove the defendant schemed to short-change clients.

Jurors were to get their legal marching orders and begin work after daylong closing arguments on the question of whether Aiyer, 33, conspired to restrain trade in foreign currency markets in violation of the Sherman Act at a trial before U.S. District Judge John G. Koeltl that opened Oct. 31.

Prosecutors say Aiyer schemed with other traders, including two cooperating witnesses — Jason Katz,...

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