US indicts three in FX probe

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

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Paying the price: banks have forked out almost $12 billion in criminal and civil fines in the FX 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 rigg

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