So it seems we might have been a bit premature in declaring that former Citigroup and UBS Libor-fixer Tom Hayes would have to do enough time in prison to sate the public’s anger at all Libor-manipulators, none of whom, obviously, would share his fate. But the U.K. Serious Fraud Office has learned that it seriously likes the taste of victory, and wouldn’t mind filling the jails of Britain with a few more like Hayes.
David Green, the director of the U.K.’s Serious Fraud Office, said Tuesday in an interview with The Wall Street Journal that he plans in the fall to file criminal charges against other former bankers for allegedly manipulating the London interbank offered rate, or Libor. He declined to comment on their identities or seniority or the exact timing.
Those charges would come in addition to the 11 men who are already awaiting London trials for their alleged roles in the rate-rigging scandal and a 12th banker who worked at a British bank and has pleaded guilty. Six former brokers who allegedly conspired with Mr. Hayes are set to stand trial in London from September; they have pleaded not guilty.