Ex-Rabobank Traders Charged in Libor Manipulation Scheme

Two former Rabobank Groep derivative traders were charged by the U.S. with conspiracy and wire fraud for their roles in an alleged scheme to manipulate Libor, the benchmark for trillions of dollars of securities.

The traders, Anthony Allen and Anthony Conti, were named in a revised indictment filed today in Manhattan federal court. The government claims the two men were part of a conspiracy to artificially influence the U.S. dollar and yen London interbank offered rates to maximize the profitability of Rabobank derivatives tied to the benchmarks.

Read on.

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