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US Says It Needn't Show Deutsche Traders Duped Libor Body

Law360, New York (December 8, 2017, 5:51 PM EST) -- Prosecutors seeking to convict two former Deutsche Bank traders on Libor rigging charges told a New York federal court Thursday that the case doesn't rely on proving the pair meant to deceive the U.K. banking organization that actually set the global lending benchmark.

Gavin Black and Matthew Connolly allegedly benefited their own trading positions by having colleagues submit false estimates of interbank borrowing costs to the British Bankers Association. Prosecutors said in the brief filed Thursday that the BBA was a mere tool of the deceit....
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Case Information

Case Title

USA v. Connolly

Case Number



New York Southern

Nature of Suit

Date Filed

May 31, 2016

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