JP Morgan Chase mpany : British trio plead not guilty to fixing prices for dollars and euros
Three Britons who are former traders for major banks have pleaded not guilty to rigging prices for dollars and euros in the foreign exchange market.
The trio were traders for affiliates of
Prosecutors claim the men, and other unnamed co-conspirators, used an internet chatroom called "The Cartel" to conspire in fixing prices.
The banks affiliated with the former traders settled with the
Ashton, Ramchandani and Usher were charged in January, and agreed last month to appear in
The charges they face carry a maximum penalty of 10 years in prison and a
American officials have taken aggressive action in recent years to prosecute interest rate and foreign exchange manipulation by major banks.
Earlier on Monday, the French giant
(c) Sky News 2017: <a href="http://news.sky.com/story/british-trio-plead-not-guilty-to-fixing-prices-for-dollars-and-euros-10952249">British trio plead not guilty to fixing prices for dollars and euros</a>, source