Three brokers at ICAP have been charged with criminal offences connected with a four-year conspiracy to rig Libor
Three brokers at London-based ICAP have been
charged with criminal offences connected with a four-year
conspiracy to rig the Libor benchmark interest rate, the US
Justice Department has said, and could face up to 30 years in
Darrell Read, who
resides in New Zealand, and Daniel Wilkinson and Colin
Goodman, both of England, were charged with conspiracy to
commit wire fraud and two counts of wire fraud in a criminal
complaint lodged in a Manhattan federal court on
participating in a scheme to manipulate benchmark interest
rates for financial gain, these defendants undermined the
integrity of the global markets," said Attorney General Eric
supposed to be honest brokers, but instead, they put their
own financial interests ahead of that larger
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