Four Barclays’ Traders Given Steep Jail Sentences for LIBOR Abuse
Posted: Wed Jul 06, 2016 3:46 pm
The dust may have started to settle with a string of London interbank offered rate (LIBOR) probes that have extended back over three years now, though that does not mean regulators are still in the process of cracking down on individuals who manipulates LIBOR rates. A total of four former Barclays’ traders were consequently slapped with prison sentences for their involvement in the scandal, which continues to result in harsh penalties for financial wrongdoing.
According to a recent Bloomberg report, Jay Merchant, Peter Johnson, Jonathan Mathew, and Alex Pabon each received jail sentences for white-collar crime, ranging from just under three ... (read more)