The Cartel Exposes More Of Their Criminal Activities

However, the true punchline is this: [Usher] joined JPMorgan as head of spot foreign exchange in 2010, where he became a member of the now-defunct Bank of England’s Chief Dealers Sub Group, a collection of about a dozen currency traders and central bank officials who met at restaurants and bank offices to discuss industry developments.

In other words, all of this rigging, all of the FX manipulation, all of the criminal abuse of innocent, naive market participants took place with the Bank of England’s own seal of approval.