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Ex-Barclays Traders Get To Go To Court Again Over Alleged Libor-Rigging

Which is apparently the prize you win after an 11-week trial that ends without a verdict.
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Play ball! (Again!) By Scott Thornbloom ( [Public domain], via Wikimedia Commons

via Wikimedia Commons

Luckily for Princeton baseball coach Scott Bradley, the college baseball season is over, because he’ll need to assure another London jury that former player Ryan Reich is a good kid who’d never do something like scuff up a crucial global interest rate or encourage others to throw a spitter at the Libor committee. It seems that the Serious Fraud Office, in spite of its British limitations, knows that, as in baseball, there are no ties in court, and it’s not just going to forfeit this one, not after striking out the other three guys it faced in the matter.

U.K. prosecutors will seek a retrial of two former traders at Barclays Plc who were accused of rigging a key benchmark rate.

A jury in London earlier this week failed to reach a verdict on Stylianos Contogoulas and Ryan Reich after an 11-week trial. The Serious Fraud Office said in a statement that no new trial date had been set.

Ex-Barclays Traders Contogoulas, Reich Face Second Libor Trial [Bloomberg]
Three former Barclays traders found guilty in Libor-rigging trial [Reuters]


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