Fired Citigroup Trader Goes To Court, Alleging Senior-Level Wrongdoing

A former trader at Citigroup, fired for his alleged role in the global foreign exchange rigging scandal, has begun airing his former employer's dirty laundry in a wrongful dismissal lawsuit that could prove damaging for a firm trying to bury old scandals. Perry Stimpson told a court London this week that the U.S. bank's involvent in foreign exchange malfeasance was not merely the actions of a few aberrant individuals but business as usual tacitly encouraged by senior staff.