‘Essex Boys’ case of traders accused of manipulating markets heads for trial

Judge unseals evidence of WhatsApp texts between UK-based men who reportedly made $700m on collapse of oil price in 2020

“Please don’t tell anyone what happened today lads x,” one of a group of traders dubbed “the Essex Boys” texted his colleagues as they reportedly made $700m on the collapse of the oil price in 2020.

The text and others were unsealed in a Chicago court on Tuesday as a US judge gave the green light to a proposed class-action lawsuit filed against the traders.

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Source: The Guardian