View more on these topics

Ex-Barclays staff jailed over Libor rigging

Barclays-Building-2012-700x450.jpg

Three Barclays employees who were this week found guilty of Libor rigging have been sentenced to a total of 17 years in jail.

Libor submitter Jonathan Mathew was handed a four-year sentence while Libor traders Jay Merchant and Alex Pabon were sentenced to six and a half years and two years and nine months, respectively.

Peter Johnson, also a Libor submitter, pleaded guilty to conspiracy to defraud in October 2014 and was sentenced to four years in prison.

Johnson was also ordered to pay a £114,501.19 confiscation order within 14 days as well as £30,000 in costs.

Confiscation proceedings against the three other men will be held at a later date.

The Serious Fraud Office is seeking a retrial of two co-defendants Stylianos Contogoulas and Ryan Reich.

Recommended

Justice-Fine-Ban-Court-Gavel-Judge-700x450.jpg

SFO seeks retrial of ex-Barclays Libor traders

The Serious Fraud Office is seeking a retrial of two former Barclays Libor traders, whose previous trial came to an end last week. Traders Ryan Reich and Stelios Contogoulas were trialled previously, but a jury failed to reach a decision, following two weeks of deliberation. At the same trial three former employees of Barclays were found […]

barclays-building-2012-700x450.jpg
1

Ex-Barclays staff found guilty of Libor rigging

Three former employees of Barclays have unanimously been found guilty of Libor rigging. Jonathan Mathew, Alex Pabon and Jay Merchant have all been found guilty after a 10-week trial and will be sentenced on Thursday, the BBC reports. The jury could not reach a verdict on two other defendants, Ryan Reich and Stelios Contogoulas, following […]

Happy while you work

Well we’ve had scorching weather (yes even up here in Scotland!) and now the Euros 2016 are on – you can’t blame people for wishing life was just one big holiday.  With all these distractions it sometimes feels like work just gets in the way of having a good time! But sunny day skivers are […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment