'Cartel' Traders Cleared Of Forex-Rigging

Law360, New York (October 26, 2018, 1:52 PM EDT) -- A Manhattan federal jury on Friday acquitted three former foreign exchange traders for Barclays PLC, Citigroup Inc. and JPMorgan Chase & Co. of forex-rigging charges, rejecting claims they used a chatroom dubbed “the cartel” to suppress competition.

Three former foreign exchange traders for Barclays, Citigroup and JPMorgan were acquitted of forex-rigging charges by a Manhattan federal jury on Friday. (AP)

The jury of 10 women and two men deliberated for more than five hours over two days before finding former Barclays trader Christopher Ashton, onetime Royal Bank of Scotland and JPMorgan trader Richard Usher and former Citigroup trader Rohan Ramchandani not...

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