Forex rate rigging
The sterling/dollar exchange rate fix fell from £1.6044 to £1.6009 in this particular example, making HSBC a $162,000 profit. Afterwards, traders congratulated 11 Jan 2017 The U.S. Justice Department's charges against three former currency traders on benchmark exchange rates at the 4:00 p.m. London “fixing”. 16 May 2019 U.S. regulators said the foreign exchange rate rigging was allegedly done through chat rooms with such names as “The Cartel,” “The Mafia”