Ex-Rabobank trader pleads not guilty over Libor manipulation


A former trader at Dutch lender Rabobank pleaded not guilty on Friday to U.S. charges that he engaged in a scheme to manipulate Libor, the benchmark interest rate at the center of global investigations into misconduct at various banks.

Reuters reports that Anthony Allen, a British citizen and former global head of liquidity and finance at Rabobank, entered his plea in federal court in Manhattan, becoming the first defendant to waive extradition to fight U.S. charges over Libor manipulation.

U.S. District Judge Jed Rakoff set trial for October 5. Another ex-Rabobank employee, Anthony Conti, could join Allen for trial after Conti's lawyer said he was preparing to also waive extradition from England.

To access the complete Reuters article hit the link below:

Ex-Rabobank trader pleads not guilty in U.S. case over Libor

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