Swiss Investigators Uncover Forex Fraud Ring International Web Of Traders, Brokers Exposed

BANKS

Swiss investigators revealed this week the outlines of an international fraud scheme allegedly involving forex traders and brokers in London, New York, Copenhagen, Paris and Basle that has been the subject of a five-month inquiry. According to State Prosecutor Walter Rothenfluh, who handles white-collar crime in Basle, the perpetrators allegedly conspired to manipulate brokers' points and the time-stamping of deal records in at least three transactions during this past year to divert some $7

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