Two EX-Barclays Traders Walk Free After Cleared in Libor Fraud Trial

[kreslik.news]

Two former Barclays traders have been cleared by a London jury in the latest Libor trial over conspiring to manipulate the U.S. dollar London interbank offered rate from 2005 to 2007.

The London Summit 2017 is coming, get involved!



The bankers Ryan Reich, a 35-year-old American, and Greek national Stylianos Contogoulas, 45, were found not guilty of all charges by a jury at Southwark Crown Court following a six-week trial.

The verdicts come as a blow to the UK’s Serious Fraud Office which brought Libor prosecutions with lawyers saying it should be targetting more senior figures in London. ... (read more)