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05

Former Barclays Trader Pleads Guilty in Currency Manipulation Conspiracy

By Tony Seruga

A former Barclays trader pleaded guilty on Wednesday to federal charges arising from a global investigation into the manipulation of foreign-exchange prices at major banks, the Justice Department said.

Jason Katz, a former Barclays trader who later worked at BNP Paribas, pleaded guilty in Federal District Court in Manhattan to participating in a price-fixing conspiracy, becoming the first person to admit criminal wrongdoing in the inquiry.

Mr. Katz’s plea came after Barclays and three other banks pleaded guilty last year to conspiring to manipulate currency prices. Barclays agreed to pay $2.4 billion to settle various related investigations by United States and Britain…

Former Barclays Trader Pleads Guilty in Currency Manipulation Conspiracy

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