Ex-Barclays New York Trio Face Libor Charges in U.K. Court
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Three former Barclays Plc New York derivatives traders appeared at a London court after being charged with manipulating Libor by U.K. prosecutors, in the second group from the British bank to face U.K. criminal action.
Ryan Reich, Alex Pabon and Jay Merchant had their first hearing at Westminster Magistrates’ Court today. The group face a charge of conspiracy to defraud with other employees of Barclays, including three former London bankers already charged in the case, between June 2005 and September 2007, according to the Serious Fraud Office.