(Photo: pcruciatti/Shutterstock.com) Ex-Citi Trader Says Bank Distorted Chats to Get Him Indicted for Price-Fixing
The suit seeks $112 million in damages and alleges a former Citi executive's review of a trader's chat communications misled prosecutors in a way that falsely implicated him. He was found not guilty after a trial in 2018.
November 18, 2022 at 01:28 PM
6 minute read
Financial Services and Banking
A former Citigroup Inc. trader claims the bank purposely mischaracterized his comments in online chat groups to try to make him its scapegoat in a U.S. criminal probe of foreign-exchange price fixing.
Rohan Ramchandani alleges in a suit seeking $112 million in damages that a former Citi executive reviewed thousands of his chat communications, many containing trader jargon, and misleadingly "translated" them for prosecutors in a way that falsely implicated him. He was found not guilty after a trial in 2018.
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