Ex-trader pleads not guilty in Libor case

A former Rabobank Groep trader pleaded not guilty to U.S. charges that he participated in a scheme to manipulate Libor, the benchmark for trillions of dollars of securities.

Bloomberg News reports that Anthony Conti, 46, of Essex, England, who didn’t fight extradition to the U.S., was released on a $500,000 bond secured by $40,000 in cash, permitted to keep his passport so he could return home and received permission to vacation in France.

Conti may go on trial in Manhattan federal court on October 5, with Anthony Allen, Rabobank’s former global head of liquidity and finance, who pleaded not guilty to similar charges last month. They’re charged for their roles in an alleged scheme to artificially influence the U.S. dollar and yen London interbank offered rates to make money for Rabobank on derivatives tied to the benchmarks.

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

Ex-Rabobank Trader Conti Pleads Not Guilty in Libor Case

Morgan Stanley: Do Not Sell in May and Go Away

JefferiesAnd the Best Place to Work in the global financial markets 2018 is...

Register for HITC Business News