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Ex-JPMorgan Trader Latest Charged for Currency-Market Scam

Chris Dolmetsch, David McLaughlin
Ex-JPMorgan Trader Latest Charged for Currency-Market Scam

A former JPMorgan Chase & Co. trader was charged with taking part in the rigging of African, European and Middle Eastern currencies, the latest person to be accused in a global crackdown on currency manipulation. Akshay Aiyer was indicted in New York on Thursday. Prosecutors said he and his accomplices, including former Barclays Plc currency trader Jason Katz and ex-Citigroup trader Christopher Cummins, plotted from at least October 2010 through at least July 2013 to eliminate competition by fixing prices and rigging bids and offers.