Where prosecutors stumbled in Bogucki and Cartel cases

Courtroom losses suggest failure to read the FX industry correctly before jumping into action

Knowledge gap
Knowledge gap: US government prosecutors may be misreading the culture of the FX industry

US prosecutors’ failure to make charges stick against former foreign exchange traders accused of misconduct has exposed gaps in understanding an industry that officials are still trying to clean up.

Recent losses against the ‘Cartel’ three and former Barclays trader Robert Bogucki suggest government prosecutors may be misreading the culture of the FX industry before leaping into action.

Earlier this month, California judge Charles Breyer acquitted Bogucki of fraud charges brought by the US

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 [email protected] or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets 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 indvidual account here: