‘Cartel’ three surrender as lawyers question efficacy of DoJ case

US DoJ presses on with Obama-era promises to prioritise prosecution of individuals and stop corporate wrongdoing

law-gavel-money
Making progress: three key traders in an ongoing FX probe will surrender to the US this summer

Three UK traders at the centre of an ongoing criminal investigation into currency market manipulation have volunteered to face charges in the US, setting the wheels in motion for what could be a contentious case as the Department of Justice (DoJ) pursues individuals it believes evaded punishment for corporate misconduct.

Richard Usher, formerly of JP Morgan Chase, Rohan Ramchandani, an ex-Citi employee, and Chris Ashton, who used to work for Barclays, will make their initial appearances and be

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