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Ex-Barclays Forex Chief Cleared By Judge Amid Trial

Law360 (March 4, 2019, 1:04 PM EST) -- A federal judge in San Francisco ruled on Monday to acquit a former trader at Barclays PLC of manipulating the price of foreign currency options to defraud the bank's customer Hewlett-Packard Co., saying that no reasonable jury could convict based on the evidence prosecutors offered at trial.

A former trader at Barclays PLC has been acquitted by a judge in San Francisco of inflating the foreign exchange options market in 2011 to defraud the bank's customer, Hewlett-Packard. (AP) Robert Bogucki was accused of inflating the forex options market in 2011 when HP was trying to swap $11 billion for £6 billion...

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January 16, 2018

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