Ex-Deutsche Trader Pleads Guilty To Role In Libor Plot

By Cara Salvatore (October 8, 2015, 5:59 PM EDT) -- A former Deutsche Bank currency trader pled guilty Thursday in New York federal court to charges alleging an eight-year plot to manipulate the published value of the key Libor interest rate, the U.S. Department of Justice said.

Prosecutors say Deutsche Bank senior trader Michael Curtler reported false information used in the calculation Libor. (Credit: AP) Michael R. Curtler, 43, was released on a personal recognizance bond on Thursday, according to court records, after pleading guilty to one count of conspiracy to commit wire fraud and bank fraud. His sentencing is set for Jan. 19, a DOJ spokesman said.

Prosecutors say that...

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