Former Rabobank Traders Targeted Over Libor Scheme

Law360, New York (January 13, 2014, 8:18 PM EST) -- Three former traders of Rabobank were hit with charges Monday stemming from their alleged roles in manipulating the London Interbank Offered Rate, a scandal that previously drew a billion-dollar settlement from the Dutch bank.

The U.S. Department of Justice hit Paul Robson, Paul Thompson and Tetsuya Motomura with a criminal complaint in New York federal court, accusing them of conspiring to commit wire fraud and bank fraud, among other charges. If convicted, each of them could receive a maximum of 30 years in prison, prosecutors said...
To view the full article, register now.