Jason Katz, a former Barclays currency trader, is scheduled to appear in Manhattan federal court Wednesday to face criminal price-fixing charges, according to his lawyer and court documents.
Details of the case against Katz haven’t been made public. According to the court documents, the case will be filed as a “criminal information,” which is often part of a plea agreement with prosecutors.
Bob Knuts, Katz’s lawyer, confirmed his client would appear in court but declined to provide further details.
The Justice Department has spearheaded a global investigation into currency-rigging since at least the fall of 2013. In May 2015, four banks — Citigroup, JPMorgan Chase, Barclays and Royal Bank of Scotland — pleaded guilty to charges that their traders conspired to manipulate trading in US dollars and euros. UBS Group pleaded guilty to a related charge.
Katz spent a year as director of emerging markets-foreign exchange trading at Barclays beginning in 2010, according to regulatory filings and his LinkedIn profile. He joined BNP Paribas in September 2011 as its director of emerging markets-foreign exchange trading, before leaving for Australia & New Zealand Banking Group two years later, the documents show. Before joining Barclays, Katz spent more than nine years at Standard Bank, where he was head of foreign exchange, according to his LinkedIn profile.
Full Content: Bloomberg
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
UK Probes Lindab’s Acquisition of HAS-Vent Amid Fears of Market Monopoly
Apr 28, 2024 by
CPI
Shein Faces EU Regulations Over User Data
Apr 28, 2024 by
CPI
Google Fights Back Against US Antitrust Lawsuit
Apr 28, 2024 by
CPI
US Homeland Security Establishes Blue-Ribbon Board with Tech CEOs to Advise on AI
Apr 28, 2024 by
CPI
FTC Accuses Amazon Executives of Using Disappearing Messaging Apps to Conceal Evidence
Apr 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI