Financial Crime Financial Crime

Comment: Former Citigroup trader's malicious-prosecution action in US, now moving forward, shines light on 'cooperating down'

By Richard Vanderford
  • 19 Mar 2021 14:50
  • 24 Mar 2021 23:24
Citigroup must face a lawsuit from a former foreign exchange trader who has accused the bank of using him as a scapegoat for antitrust charges, a judge said — a decision that draws more attention to a US Justice Department habit that has been informally called "cooperating down."
A judge

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