Two Former Deutsche Bank Employees Indicted on LIBOR Fraud Charges
Posted: Wed Jun 01, 2016 5:01 pm
Two former employees of Deutsche Bank have been indicted for their alleged roles in the manipulation of the U.S. Dollar London InterBank Offered Rate (LIBOR). With trillions of dollars of securities affected by the price of the benchmark interest rate, the duo could be facing a lengthy and difficult legal battle.
According to an announcement made by the U.S. Department of Justice (DoJ) a federal grand jury charged Matthew Connolly, and Gavin Campbell Black with one count of conspiracy to commit wire fraud and bank fraud and nine counts of wire fraud for their participation in a scheme to manipulate the USD ... (read more)