Three ex-Barclays traders found guilty of manipulation
Jay
Merchant, Jonathan Mathew and Alex Pabon have been found guilty by a
jury of "conspiring to fraudulently manipulate global benchmark interest
rates".
The news is out after restrictions on reporting
the cases were lifted as the jury failed to agree a verdict on two
other defendants. Another LIBOR submitter, Peter Johnson had previously
plead guilty.
Three ex-Barclays traders found guilty of manipulation
Jay Merchant, Jonathan Mathew and Alex Pabon have been found guilty by a jury of "conspiring to fraudulently manipulate global benchmark interest rates".
The news is out after restrictions on reporting the cases were lifted as the jury failed to agree a verdict on two other defendants. Another LIBOR submitter, Peter Johnson had previously plead guilty.
Sentencing is expected to be held Thursday.