Two UK citizens and former derivatives traders at Rabobank were sentenced to U.S. prison Thursday for rigging LIBOR rates for U.S. Dollars and Japanese Yen.
Anthony Allen, 44, of Hertsfordshire, England, the bank’s former global head of liquidity and finance in London, was sentenced to 24 months in prison by Judge Jed Rakoff in federal court in Manhattan.… Continue Reading
After a London jury acquitted six defendants in late January, I hope the Serious Fraud Office’s decision to prosecute individuals for their alleged part in the LIBOR rate fixing scandal doesn’t blow up in its face.… Continue Reading
The first defendant to go on trial in the UK as part of the Serious Fraud Office’s criminal investigation into the manipulation of Libor was convicted and sentenced Monday at Southwark Crown Court.… Continue Reading