Manipulations of credit cards? Jail!!!

Date: May 31, 2015 Posted by: todorbb In: Uncategorized

The former trader at UBS and Citigroup Tom Hayes became the first private person accused of conspiracy to manipulate the global interbank interest rate Libor. The trial in London marks a new stage in the seven-year study that culminated fine of about 9 billion. Dollars to banks and brokerages to settle regulatory claims. The former trader was accused by the Office for fraud in large amounts in the United Kingdom (SFO) in 8 counts of conspiracy to fraud between 2006 and 2010. The offense carries a maximum sentence of 10 years and trader pleads not guilty .

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