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Three former Barclays traders sentenced for up to 6 1/2 years over their roles in manipulating the Libor interest-rate benchmark are appealing their convictions.
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Jonathan Mathew, Jay Merchant, and Alex Pabon were recently found guilty of conspiring torig the London interbank offered rate (Libor), with other Barclays employees between 1 June, 2005, and 31 August, 2007, four years after Barclays paid out $385 million in fines for their part in fixing the benchmark rate.
The trio have all filed appeals against their convictions in ... (read more)