US indicts three in forex rigging probe

Justice Department says the accused UK-based traders face a maximum of 10 years in prison and $1 million in fines

Paying the price: banks have forked out almost $12bn in criminal and civil fines in the forex scandal

Three former foreign exchange traders who worked at some of the world's largest banks were indicted yesterday (January 10) on a conspiracy charge to manipulate EUR/USD, one of the most actively traded currency pairs, and eliminate competition.

The one-count indictment filed in the US District Court for the Southern District of New York marks a big win for the US Department of Justice (DoJ), which has vowed to hold individuals accountable for corporate misconduct amid the alleged years-long

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here