Jury Rules Libor Manipulator Tom Hayes Did The Work Of 6 Brokers
Say what you will about Tom Hayes, he was apparently the hardest working man in the rate-rigging game.
Five former brokers were acquitted of conspiring with convicted trader Tom Hayes to manipulate crucial benchmark interest rates as the world’s third — and longest — Libor trial draws to a close in London, the Serious Fraud Office said on Wednesday. Former ICAP brokers Colin Goodman and Danny Wilkinson, former RP Martin brokers Terry Farr and James Gilmour and former Tullett Prebon broker Noel Cryan were acquitted of conspiring to rig the London interbank offered rate, which helps determine the borrowing costs for trillions of dollars in loans worldwide. Former ICAP broker Darrell Read, who was charged with two counts of conspiracy to defraud, was acquitted on one count but the jury had yet to reach a verdict on a second count.
UK jury acquits five out of six brokers in second Libor trial [NYP]
5 Ex-Brokers Cleared in London Libor Trial [Dealbook]
