Ex-Rabobank trader called ‘potential target’ in US probe of Libor

Another little fish..

Aug 14 U.S. prosecutors on Friday identified a British former trader at Rabobank as a potential target of a broad investigation into Libor benchmark manipulation that has already resulted in charges against seven of the bank’s employees.

The identity of Damon Robbins, the ex-Rabobank employee, was confirmed by a U.S. Justice Department prosecutor and others during a court hearing in New York on Friday in a criminal case against two of the trader’s former colleagues.

The prosecutor, Michael Koening, called Robbins an unindicted co-conspirator of the two former Rabobank traders, Anthony Allen and Anthony Conti, who are scheduled to face trial on Oct. 5.

It is unclear if Robbins will ever face charges. Koenig said the Justice Department has “not made a determination” on whether to indict Robbins.

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