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Accused "FX Cartel" Members Joined Forces After Trying To "End" Each Other
As federal prosecutors in Manhattan press ahead with the trial of three London-based currency traders - members of the infamous "FX Cartel" who allegedly colluded to move exchange rates in their favor during the brief moments before the daily fix - more amusing details from the cartel's group chat where most of the alleged collusion took place have started to emerge. In one anecdote that helps explain the genesis of the cartel conspiracy, two of the three traders, former JPMorgan Chase & Co. trader Richard Usher and ex-Citigroup Inc. trader Rohan Ramchandani, share how they used to "end" each other on opposing trades ... (full story)
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- Oct 21, 2018 11:12am Oct 21, 2018 11:12am
- Not-KPMG
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- XuMar
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- COGSx86
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