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Ten traders, mostly in New York but also in London and Paris, had coordinated their plans to manipulate currency rates in a chat room, called “We Reign,” according to a statement of facts from the DFS.
The service earned a reputation as something of a sophomoric and pornographic romp, attracting a wide range of sometimes explicit webcam tastes. A giant French bank on Wednesday was fined 0 million by New York regulators after investigators discovered a secret online chat room where traders and salespeople openly plotted to rip off clients — and discussed how they could throw authorities off their track.For six years, BNP Paribas gave a dozen key employees a “nearly unfettered” ability to defraud clients by manipulating currency rates, according to the NY Department of Financial Services.We also offer a plan for only .99 monthly which includes 100 messages.Pricing outside the United States and Canada may be different.