November 20, 2003

47 Arrested in Foreign Exchange Sting

NEW YORK — The U.S. Justice Department (search) said Wednesday it charged 47 foreign exchange traders, including employees of J.P. Morgan Chase (JPM) and UBS, with fraud and other criminal offenses after a slew of arrests in a sting targeting several top firms thought to have defrauded small retail investors of millions of dollars. Posted by Webmaster at November 20, 2003 04:12 AM