The ‘Cartel’ three: not guilty, but still paying a penalty
Despite their acquittal, the former FX traders face obstacles in trying to rebuild their careers – meaning the DoJ didn’t fail, says one expert
They were indicted, tried and acquitted of charges that they conspired to rig foreign exchange benchmark rates, but that victory has come at a cost for the three former currency traders in the ‘Cartel’ case.
The October 2018 jury verdict in favour of Christopher Ashton, Rohan Ramchandani and Richard Usher delivered a significant upset for the US Department of Justice. It brought an end to a five-year legal fight for the London-based traders, who maintained they had followed the rules in their
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