'It wasn’t particularly hard, it was more designed to humiliate me'.
Jonathan Mathew, one of five former Barclays employees accused of manipulating Libor, told a London jury that he was routinely humiliated by his boss when he made mistakes working on the money markets desk.
Bloomberg News reports that Mathew, who is partially deaf, said on his first day of testimony that he was hit on the back of the head with a 12-inch baseball bat, shouted at and forced to stand on a chair in the trading room to answer a quiz on world capitals by his boss.
"It wasn’t particularly hard, it was more designed to humiliate me," the 35-year-old trader said. Jurors were told Wednesday that his boss pleaded guilty to charges of Libor manipulation in October 2014.
"He was old school, a hard taskmaster and in the same respect he was a good teacher as well," said Mathew, who was diagnosed as being partially deaf in the left ear and dyslexic as a child.
Prosecutors say that Mathew and four of his colleagues conspired to rig the London interbank offered rate, a benchmark tied to trillions of dollars in securities and loans.
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