Three Barclays Libor traders charged

Barclays Canary Wharf

Three former Barclays Libor traders were charged by a U.K. prosecutor in a London court Wednesday in the latest criminal action in a two-year investigation of the interest rate benchmark.

Bloomberg reports that Peter Charles Johnson, Jonathan James Mathew and Stylianos Contogoulas were charged at Westminster Magistrates’ Court with one count of conspiracy to defraud between June 2005 and August 2007.

The three conspired with “other employees of Barclays Plc and its associated entities” to defraud with intent to “prejudice the economic interests of others,” prosecutors said in court documents. The next hearing will be held at a higher criminal court on March 3rd.

The U.K. Serious Fraud Office has charged six people in relation to manipulation of the London interbank offered rate, or Libor.

'Naturally, we don’t accept for one moment the characterization of the facts as portrayed by the SFO', said Hugo Keith, a lawyer for Johnson.

To access the complete Bloomberg article hit the link below:

Three Former Barlcays Employees Face Libor Charges in U.K. Court 

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