{"id":5867,"date":"2015-10-06T00:00:00","date_gmt":"2015-10-06T05:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2015\/10\/six_exbrokers_go_to_trial_over"},"modified":"2022-05-06T16:03:33","modified_gmt":"2022-05-06T21:03:33","slug":"six-exbrokers-go-to-trial-over","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/six-exbrokers-go-to-trial-over\/","title":{"rendered":"Six Ex-Brokers Go to Trial Over Libor Rigging Allegations in London"},"content":{"rendered":"<p>In London, six ex-brokers accused of helping to rig interest rate benchmarks are now on trial in criminal court. The defendants include ex-ICAP (IAP) employees Darrell Read, Danny Wilkinson, and Colin Goodman, former RP Martin employees James Gilmour and Terry Farr, and ex-Tullet Prebon broker Noel Cryan, who are all charged with conspiring to rig the rates. All of them have pleaded not guilty.<\/p>\n<p>According to prosecutors, the brokers tried to persuade traders at banks to turn in false Libor rates. They are accused of assisting convicted and former<a href=\"https:\/\/www.investorlawyers.com\/citigroup-background-information.html\"> Citigroup (C)<\/a> and <a href=\"https:\/\/www.investorlawyers.com\/ubs-painewebber-background-information.html\">UBS (UBS) <\/a>trader Tom Hayes to rig Libor. Hayes was recently sentenced to fourteen years behind bars. He is appealing his case. The defendants also allegedly helped others to manipulate Libor submissions related to the Japanese yen. <\/p>\n<p>Specifically, Read, Wilkinson, and Goodman are charged with conspiring with ICAP employee Brent Davies, Hayes, and other traders at UBS. The ex- RP Martin employees are charged of conspiring with traders at UBS, Luke Madden at HSBC (HSBC), and Paul Robson at Rabobank to manipulate the rate. Farr is also accused of conspiring with Hayes while at Citigroup. And former Tullet Prebon\u2019s Noel Cryan also allegedly conspired with UBS traders. <\/p>\n<p> <a href=\"https:\/\/www.investorlawyers.com\/blog\/six-exbrokers-go-to-trial-over\/#more-5867\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In London, six ex-brokers accused of helping to rig interest rate benchmarks are now on trial in criminal court. The defendants include ex-ICAP (IAP) employees Darrell Read, Danny Wilkinson, and Colin Goodman, former RP Martin employees James Gilmour and Terry Farr, and ex-Tullet Prebon broker Noel Cryan, who are all charged with conspiring to rig [&hellip;]<\/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-5867","post","type-post","status-publish","format-standard","hentry","category-libor-scandal"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Six Ex-Brokers Go to Trial Over Libor Rigging Allegations in London &#8212; Investor Lawyers Blog &#8212; October 6, 2015<\/title>\n<meta name=\"description\" content=\"In London, six ex-brokers accused of helping to rig interest rate benchmarks are now on trial in criminal court. The defendants include ex-ICAP (IAP) &#8212; October 6, 2015\" \/>\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\/six-exbrokers-go-to-trial-over\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Six Ex-Brokers Go to Trial Over Libor Rigging Allegations in London &#8212; Investor Lawyers Blog &#8212; October 6, 2015\" \/>\n<meta name=\"twitter:description\" content=\"In London, six ex-brokers accused of helping to rig interest rate benchmarks are now on trial in criminal court. The defendants include ex-ICAP (IAP) &#8212; October 6, 2015\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Six Ex-Brokers Go to Trial Over Libor Rigging Allegations in London &#8212; Investor Lawyers Blog &#8212; October 6, 2015","description":"In London, six ex-brokers accused of helping to rig interest rate benchmarks are now on trial in criminal court. 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The defendants include ex-ICAP (IAP) &#8212; October 6, 2015","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/six-exbrokers-go-to-trial-over\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/six-exbrokers-go-to-trial-over\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Six Ex-Brokers Go to Trial Over Libor Rigging Allegations in London","datePublished":"2015-10-06T05:00:00+00:00","dateModified":"2022-05-06T21:03:33+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/six-exbrokers-go-to-trial-over\/"},"wordCount":353,"articleSection":["LIBOR Scandal"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/six-exbrokers-go-to-trial-over\/","url":"https:\/\/www.investorlawyers.com\/blog\/six-exbrokers-go-to-trial-over\/","name":"Six Ex-Brokers Go to Trial Over Libor Rigging Allegations in London &#8212; Investor Lawyers Blog &#8212; October 6, 2015","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2015-10-06T05:00:00+00:00","dateModified":"2022-05-06T21:03:33+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"In London, six ex-brokers accused of helping to rig interest rate benchmarks are now on trial in criminal court. 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