Cartel three out on bail after entering ‘not guilty’ pleas
Former senior currency traders released on combined $1.85 million bond and will return to court in November
Three former currency traders from the UK, who are accused of manipulating prices in the EUR/USD spot market, pleaded not guilty to the charge on July 17 in the US Southern District Court of New York and were released on a combined $1.85 million bond.
Bail for Richard Usher, an ex-employee of JP Morgan, is set at $650,000. For Christopher Ashton, formerly of Barclays, it is $200,000, while ex-Citi employee Rohan Ramchandani’s is $1 million. The three men secured the bond through partial cash
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