THREE FORMER BARCLAYS TRADERS CONVICTED OF RIGGING LIBOR
July 1st, 2016
Three former Barclays Bank employees were convicted of conspiracy to defraud in Southwark Crown Court yesterday (July 4) for manipulating the London Interbank Offered Rate (LIBOR) for United States dollars. In a case brought by the UK Serious Fraud Office (SFO), a jury convicted submitter Jonathan Mathew and traders Jay Merchant and Alex Pabon of US dollar LIBOR rate rigging between June 2005 and September 2007. “The key issue in this case was dishonesty,” SFO director David Green commented on the verdict. Green added that the trial of American Pabon in the ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.