http://www.bloomberg.com/news/articles/2015-11-05/u-s-wins-its-first-libor-rigging-prosecution-in-n-y-jury-trial
Anthony Allen and Anthony Conti were both guilty on all counts in the charges against them regarding the Libor manipulation. Both are ex-traders for Rabobank Greop. The Libor (London interbank offered rate) is tied to more than $350 trillion in loans and securities around the world. There have been other cases around this subject. Tom Hayes was given a 14 year sentence for Libor manipulation by a London judge. The U.S. has charged 13 people involved with four pleading guilty. In England there is another case in which 6 brokers are accused of helping Hayes whihc is currently under way.
Evidence against the accused includes emails, instant messages, and recorded phone calls. This evidence played a major role in convincing the jurors. Rabobank was fined over $1 billion by U.S., U.K., and Dutch authorities for their role in the Libor manipulation. 7 Rabobank traders have been charged in the U.S.
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