UK Charges 3 More Ex-Barclays Traders In Libor Probe

Law360, New York (April 28, 2014, 11:56 AM EDT) -- The U.K. Serious Fraud Office on Monday launched a criminal proceeding against three additional former Barclays PLC traders, bringing to 12 the number of individuals charged in its ongoing probe of Libor manipulation.

Jay Vijay Merchant, Alex Julian Pabon and Ryan Michael Reich were accused of conspiracy to defraud by the SFO, an independent arm of the British government that investigates and prosecutes complex frauds and corruption. Details of the charges against them will not be made public until their first Magistrates' Court hearing, expected on May 27, a spokeswoman for the office said in an email.

The charges represent the...

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