{"id":6109,"date":"2017-02-07T21:05:25","date_gmt":"2017-02-08T03:05:25","guid":{"rendered":"https:\/\/www.institutionalinvestorsecuritiesblog.com\/?p=1421"},"modified":"2021-09-20T15:43:10","modified_gmt":"2021-09-20T20:43:10","slug":"benchmark-fixing-former-deutsche-bank-barclays-traders-plead-not-guilty-euribor-rigging-royal-bank-scotland-pays-85m-penalty-us-isdafix-manipulation-allegations","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/benchmark-fixing-former-deutsche-bank-barclays-traders-plead-not-guilty-euribor-rigging-royal-bank-scotland-pays-85m-penalty-us-isdafix-manipulation-allegations\/","title":{"rendered":"Benchmark Fixing: Former Deutsche Bank &#038; Barclays Traders Plead Not Guilty to Euribor Rigging and Royal Bank of Scotland Will Pay $85M Penalty to Settle US ISDAFIX Manipulation Allegations"},"content":{"rendered":"<p>\t\t\t\tIn London, six traders have pleaded not guilty to charges accusing them of trying to rig Euribor, which is the Brussels-based equivalent of the London Interbank Offered Rate (Libor). Euribor is key in establishing the rates on financial contracts, loans, and other financial products around the world. <\/p>\n<p>The defendants include former Deutsche Bank (DB) trader Christian Bittar, current Deutsche trader Achim Kraemer, and former Barclays  (BARC) traders Philippe Moryoussef, Colin Bermingham, Carlo Palombo, and Sisse Bohart. They are charged with one count of conspiracy to defraud through the making or obtaining of false or misleading Euribor rates in order allegedly enhance trading profits. <\/p>\n<p>The criminal charges are related to a probe by the Serious Fraud Office. Five other traders from Deutsche Bank and Societe Generale were previously charged.  <\/p>\n<p> <a href=\"https:\/\/www.investorlawyers.com\/blog\/benchmark-fixing-former-deutsche-bank-barclays-traders-plead-not-guilty-euribor-rigging-royal-bank-scotland-pays-85m-penalty-us-isdafix-manipulation-allegations\/#more-6109\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In London, six traders have pleaded not guilty to charges accusing them of trying to rig Euribor, which is the Brussels-based equivalent of the London Interbank Offered Rate (Libor). Euribor is key in establishing the rates on financial contracts, loans, and other financial products around the world. The defendants include former Deutsche Bank (DB) trader [&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":[3756,3810,3818,3752,4027,4036],"tags":[2730,2681],"class_list":["post-6109","post","type-post","status-publish","format-standard","hentry","category-barclays-capital","category-cftc","category-deutsche-bank","category-financial-firms","category-libor-scandal","category-royal-bank-of-scotland","tag-euribor","tag-usd-isdafix-rigging"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Benchmark Fixing: Former Deutsche Bank &amp; Barclays Traders Plead Not Guilty to Euribor Rigging and Royal Bank of Scotland Will Pay $85M Penalty to Settle US ISDAFIX Manipulation Allegations &#8212; Investor Lawyers Blog &#8212; February 7, 2017<\/title>\n<meta name=\"description\" content=\"In London, six traders have pleaded not guilty to charges accusing them of trying to rig Euribor, which is the Brussels-based equivalent of the London &#8212; February 7, 2017\" \/>\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\/benchmark-fixing-former-deutsche-bank-barclays-traders-plead-not-guilty-euribor-rigging-royal-bank-scotland-pays-85m-penalty-us-isdafix-manipulation-allegations\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Benchmark Fixing: Former Deutsche Bank &amp; Barclays Traders Plead Not Guilty to Euribor Rigging and Royal Bank of Scotland Will Pay $85M Penalty to Settle US ISDAFIX Manipulation Allegations &#8212; Investor Lawyers Blog &#8212; February 7, 2017\" \/>\n<meta name=\"twitter:description\" content=\"In London, six traders have pleaded not guilty to charges accusing them of trying to rig Euribor, which is the Brussels-based equivalent of the London &#8212; February 7, 2017\" \/>\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=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Benchmark Fixing: Former Deutsche Bank & Barclays Traders Plead Not Guilty to Euribor Rigging and Royal Bank of Scotland Will Pay $85M Penalty to Settle US ISDAFIX Manipulation Allegations &#8212; Investor Lawyers Blog &#8212; February 7, 2017","description":"In London, six traders have pleaded not guilty to charges accusing them of trying to rig Euribor, which is the Brussels-based equivalent of the London &#8212; February 7, 2017","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/benchmark-fixing-former-deutsche-bank-barclays-traders-plead-not-guilty-euribor-rigging-royal-bank-scotland-pays-85m-penalty-us-isdafix-manipulation-allegations\/","twitter_card":"summary_large_image","twitter_title":"Benchmark Fixing: Former Deutsche Bank & Barclays Traders Plead Not Guilty to Euribor Rigging and Royal Bank of Scotland Will Pay $85M Penalty to Settle US ISDAFIX Manipulation Allegations &#8212; 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