3 Ex-Barclays Employees Charged Over Libor Conspiracy

Law360, New York (February 18, 2014, 6:29 PM EST) -- Criminal proceedings against three former Barclays PLC employees who were charged with conspiring to manipulate the London Interbank Offered Rate, or Libor, began on Monday, the U.K.'s Serious Fraud Office said.

The three defendants, Peter Charles Johnson, Jonathan James Matthew and Stylianos Contogoulas, are charged with conspiring to defraud between June 2005 and August 2007, the SFO said in a statement Monday.

The three are accused of attempting to manipulate Libor, an average interest rate that is calculated using global banks' input on rates they expect...
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