Three former Barclays traders denied Libor appeal request

Three former Barclays (>> Barclays PLC) traders jailed for manipulating Libor benchmark interest rates after a London trial have been denied a request to appeal against their conviction and sentence, the wife of one said on Friday.

Julie Pabon said her husband, Alex, and former colleagues Jay Merchant and Jonathan Mathew were recently notified that their requests had been rejected by the Court of Appeal.

The men’s lawyers and the UK Serious Fraud Office (SFO), the prosecutor in the case, did not respond to requests for comment.

Pabon, an American, was sentenced to two years and nine months in jail in July. Merchant, his former New York-based superior, was sentenced to six-and-a-half years, and Mathew, a London-based junior rate submitter, was handed four years.

“I am shocked and saddened yet somewhat relieved that our fight appears to be nearing the end,” Julie Pabon wrote in an email received by Reuters.

Julie Pabon, an American who lives in the United States and had appealed directly to the head of the SFO, David Green, on behalf of her husband, said Alex had sent her a text message on June 30 after his London trial saying: “I’m sorry … guilty…”

Read on.

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