Ex-UBS trader loses bid to dismiss Libor charge

Gavel Jason Morrison

Ex-UBS trader Roger Darin lost a bid to dismiss a U.S. charge that he conspired to manipulate the London interbank offered rate for yen.

Bloomberg News reports that Darin, a citizen and resident of Switzerland, is among at least 11 traders outside the U.S. charged by authorities there with attempting to rig Libor.

A judge on Friday rejected the argument that he doesn’t have a sufficient connection to the U.S. to be prosecuted in New York federal court.

'Mr. Darin has not shown that it is arbitrary or fundamentally unfair to subject him to prosecution under U.S. criminal law', U.S. Magistrate Judge James Francis said in a ruling.

To access the complete Bloomberg News article hit the link below:

Ex-UBS Trader Darin Must Face U.S. Libor-Rigging Charge

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