Ex-Rabobankers Found Guilty Of Rigging Libor

Law360, New York (November 5, 2015, 11:24 AM EST) -- A Manhattan federal jury on Thursday found former Rabobank boss Anthony Allen and former trader Anthony Conti guilty of rigging the London Interbank Offered Rate to benefit their banking buddies after prosecutors presented damning evidence including emails that showed both defendants actively participating in fixes.

The guilty verdicts on charges of conspiracy and wire fraud came after about 8.5 hours of deliberations over three days and marked a high-profile victory for the U.S. Department of Justice, which sent a Washington, D.C.-based team to prosecute the British duo in the first U.S. trial against individuals accused of rate-rigging.

"Today’s verdicts illustrate the...

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