Thursday, July 28, 2016

Ex Barclays Traders Jailed

Left to Right - Mathew, Padon, Merchant, Johnson  
A London court has sentenced four former Barclays traders to prison. They were found guilty of Libor rigging between 2005 and 2007. Comment from Britain's Serious Fraud Office said, "Jay Merchant received six-and-a-half years in prison, Jonathan Mathew and Peter Johnson were each jailed for four years and Alex Pabon got two years and nine months".  Judge Leonard said he gave Merchant the longest sentence because he judged him to "bear the greatest responsibility for what happened".

Barclays Bankers Jailed 

 

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