{"id":5682,"date":"2014-10-16T00:00:00","date_gmt":"2014-10-16T05:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2014\/10\/doj_charges_another_two_exrabo"},"modified":"2022-05-19T13:44:12","modified_gmt":"2022-05-19T18:44:12","slug":"doj-charges-another-two-exrabo","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/doj-charges-another-two-exrabo\/","title":{"rendered":"DOJ Charges Another Two Ex-Rabobank Traders Over Libor Manipulation"},"content":{"rendered":"

The U.S. Department of Justice has indicted another two ex-Rabobank (RABO) traders over their alleged involvement in a London interbank offered rate manipulation scam. The charges widen the Federal Bureau of Investigation\u2019s probe into the Dutch bank to include U.S. dollar Libor, as well as yen libor.<\/p>\n

Anthony Allen and Anthony Conti, both from England, are the two ex-Rabobank derivatives traders that have been indicted. The charges accuse them of taking part in a Libor manipulation scam involving derivatives linked to both the yen and U.S. libor benchmark rates to benefit themselves and the bank.<\/p>\n

In 2013, Rabobank reached a settlement with the Justice Department and consented to pay a $325 million penalty to resolve allegations related to the bank\u2019s submissions for LIBOR and the Euro Interbank Offered Rate. The government had charged Rabobank with wire fraud for its involvement in manipulating both benchmark interest rates.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

The U.S. Department of Justice has indicted another two ex-Rabobank (RABO) traders over their alleged involvement in a London interbank offered rate manipulation scam. The charges widen the Federal Bureau of Investigation\u2019s probe into the Dutch bank to include U.S. dollar Libor, as well as yen libor. Anthony Allen and Anthony Conti, both from England, […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4027],"tags":[],"class_list":["post-5682","post","type-post","status-publish","format-standard","hentry","category-libor-scandal"],"yoast_head":"\nDOJ Charges Another Two Ex-Rabobank Traders Over Libor Manipulation — Investor Lawyers Blog — October 16, 2014<\/title>\n<meta name=\"description\" content=\"The U.S. Department of Justice has indicted another two ex-Rabobank (RABO) traders over their alleged involvement in a London interbank offered rate — October 16, 2014\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/doj-charges-another-two-exrabo\/\" 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