Ex-Rabobank Employee Pleads Guilty in Libor-Rigging Probe
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A former Rabobank Groep senior trader pleaded guilty in New York to conspiring to manipulate a benchmark interest rate tied to trillions of dollars of securities to benefit his trading positions, the U.S. said.
Paul Robson, who worked at Rabobank’s London office and made the bank’s yen Libor submissions, pleaded guilty to a single conspiracy count in Manhattan federal court yesterday, the Justice Department said in a statement. The ex-trader is scheduled to be sentenced in 2017, the U.S. said.