Regulators close to more Libor arrests


by Newswire    
9:45 am - July 23rd 2012

      Share on Tumblr

U.S. prosecutors and European regulators are close to arresting individual traders and charging them with colluding to manipulate global benchmark interest rates, according to people familiar with a sweeping investigation into the rate-rigging scandal.

Federal prosecutors in Washington, D.C., have recently contacted lawyers representing some of the individuals under suspicion to notify them that criminal charges and arrests could be imminent, said two of those sources who asked not to be identified because the investigation is ongoing.

Defense lawyers, some of whom represent individuals under suspicion, said prosecutors have indicated they plan to begin making arrests and filing criminal charges in the next few weeks. In long-running financial investigations it is not uncommon for prosecutors to contact defense lawyers for individuals before filing charges to offer them a chance to cooperate or take a plea, these lawyer said.

…more at Reuters

    Share on Tumblr   submit to reddit  


About the author

· Other posts by


Story Filed Under: News


Sorry, the comment form is closed at this time.


Reader comments



Reactions: Twitter, blogs
  1. Liberal Conspiracy

    Regulators close to more Libor arrests http://t.co/tkHPBooo

  2. Jason Brickley

    Regulators close to more Libor arrests http://t.co/39ZH9wqY

  3. Bob Castle

    Regulators close to more Libor arrests http://t.co/98bZGwUo

  4. Noxi

    RT @libcon: Regulators close to more Libor arrests http://t.co/RMkMRjEF

  5. leftlinks

    Liberal Conspiracy – Regulators close to more Libor arrests http://t.co/Ocg1Z1Cv

  6. ChrisInParis

    Regulators close to more Libor arrests http://t.co/tkHPBooo

  7. Kevin Donovan

    Regulators close to more Libor arrests http://t.co/Oyq45cmj

  8. barclays libor scandal

    [...] …more at Reuters…More at Regulators close to more Libor arrests [...]

  9. Wordocalypse

    Regulators close to more Libor arrests | Liberal Conspiracy http://t.co/B41AXbSK via @libcon





Sorry, the comment form is closed at this time.