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Feds Indict Currency Traders

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Feds Indict Currency Traders

Business

Feds Indict Currency Traders

Feds Indict Currency Traders

  • Download
  • <iframe src="https://www.npr.org/player/embed/1513224/1513225" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

Federal authorities indict 47 people working in the foreign currency market Wednesday. The U.S. Attorney in New York says the brokers and traders engaged in two types of schemes to net tens of millions of dollars. One method involved high-pressure sales of worthless equities; another allowed traders to cheat their employers by setting up rigged trades in return for kickbacks. NPR's Jim Zarroli reports.

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