{"id":6119,"date":"2017-02-26T20:32:33","date_gmt":"2017-02-27T02:32:33","guid":{"rendered":"https:\/\/www.institutionalinvestorsecuritiesblog.com\/?p=1461"},"modified":"2017-02-26T20:32:33","modified_gmt":"2017-02-27T02:32:33","slug":"criminal-securities-fraud-ex-ceo-extradited-namibia-sentenced-30-months-long-island-mini-madoffs-associate-goes-prison-400m-scheme-trial-two-ex-bar","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/criminal-securities-fraud-ex-ceo-extradited-namibia-sentenced-30-months-long-island-mini-madoffs-associate-goes-prison-400m-scheme-trial-two-ex-bar\/","title":{"rendered":"Criminal Securities Fraud: Ex- CEO Extradited From Namibia is Sentenced to 30-Months, Long Island \u201cMini Madoff\u2019s Associate Goes to Prison Over $400M Scheme, and the Trial of Two Ex-Barclays Traders is Underway in the UK"},"content":{"rendered":"<p>\t\t\t\t<strong>Libor Trial Of Two-Ex Barclays Traders Begins<\/strong><br \/>\nRyan Reich and Stylianos Contogoulas are on trial in London on criminal charges accusing them of rigging the US dollar Libor. According to prosecutors, from \u201905-\u201907, the two ex-Barclays Plc (BARC) traders conspired to manipulate the interest-rate benchmark in order to profit illegally.<\/p>\n<p>Contogoulas and Reich have pleaded not guilty to the criminal charges.  Two other ex-Barclays employees, Jonathan Mathew and Peter Johnson, were previously convicted for rigging Libor. They were tasked with submitting Libor rates. <\/p>\n<p>16 banks are responsible for determining the Libor dollar rate every day. They do this by estimating how much it would cost to borrow from one another over different periods. The Libor dollar rate is linked to mortgages and loans and other financial products.  Already, a number of big banks have collectively paid several billion dollars for their role in Libor manipulation.<\/p>\n<p> <a href=\"https:\/\/www.investorlawyers.com\/blog\/criminal-securities-fraud-ex-ceo-extradited-namibia-sentenced-30-months-long-island-mini-madoffs-associate-goes-prison-400m-scheme-trial-two-ex-bar\/#more-6119\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Libor Trial Of Two-Ex Barclays Traders Begins Ryan Reich and Stylianos Contogoulas are on trial in London on criminal charges accusing them of rigging the US dollar Libor. According to prosecutors, from \u201905-\u201907, the two ex-Barclays Plc (BARC) traders conspired to manipulate the interest-rate benchmark in order to profit illegally. Contogoulas and Reich have pleaded [&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":[3756,3752,4027,3792],"tags":[2756,2757],"class_list":["post-6119","post","type-post","status-publish","format-standard","hentry","category-barclays-capital","category-financial-firms","category-libor-scandal","category-ponzi-scams","tag-barclays","tag-jacob-alexander"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Criminal Securities Fraud: Ex- CEO Extradited From Namibia is Sentenced to 30-Months, Long Island \u201cMini Madoff\u2019s Associate Goes to Prison Over $400M Scheme, and the Trial of Two Ex-Barclays Traders is Underway in the UK &#8212; Investor Lawyers Blog &#8212; February 26, 2017<\/title>\n<meta name=\"description\" content=\"Libor Trial Of Two-Ex Barclays Traders Begins Ryan Reich and Stylianos Contogoulas are on trial in London on criminal charges accusing them of rigging the &#8212; February 26, 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\/criminal-securities-fraud-ex-ceo-extradited-namibia-sentenced-30-months-long-island-mini-madoffs-associate-goes-prison-400m-scheme-trial-two-ex-bar\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Criminal Securities Fraud: Ex- CEO Extradited From Namibia is Sentenced to 30-Months, Long Island \u201cMini Madoff\u2019s Associate Goes to Prison Over $400M Scheme, and the Trial of Two Ex-Barclays Traders is Underway in the UK &#8212; Investor Lawyers Blog &#8212; February 26, 2017\" \/>\n<meta name=\"twitter:description\" content=\"Libor Trial Of Two-Ex Barclays Traders Begins Ryan Reich and Stylianos Contogoulas are on trial in London on criminal charges accusing them of rigging the &#8212; February 26, 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":"Criminal Securities Fraud: Ex- CEO Extradited From Namibia is Sentenced to 30-Months, Long Island \u201cMini Madoff\u2019s Associate Goes to Prison Over $400M Scheme, and the Trial of Two Ex-Barclays Traders is Underway in the UK &#8212; Investor Lawyers Blog &#8212; February 26, 2017","description":"Libor Trial Of Two-Ex Barclays Traders Begins Ryan Reich and Stylianos Contogoulas are on trial in London on criminal charges accusing them of rigging the &#8212; February 26, 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\/criminal-securities-fraud-ex-ceo-extradited-namibia-sentenced-30-months-long-island-mini-madoffs-associate-goes-prison-400m-scheme-trial-two-ex-bar\/","twitter_card":"summary_large_image","twitter_title":"Criminal Securities Fraud: Ex- CEO Extradited From Namibia is Sentenced to 30-Months, Long Island \u201cMini Madoff\u2019s Associate Goes to Prison Over $400M Scheme, and the Trial of Two Ex-Barclays Traders is Underway in the UK &#8212; 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