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Barclays trio to be charged with Libor fraud


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Barclays trio to be charged with Libor fraud

The Serious Fraud Office in London is pressing criminal charges against three former Barclays bank employees over alleged manipulation of interest rates, otherwise known as the Libor scandal.

All three former Barclays employees continued to work in the financial industry after the eruption of the Libor investigation, which kicked off in 2008 and escalated into a criminal probe the following year.

The alleged conspiracy to defraud took place between June 2005 and August 2007.

The men were named as Peter Johnson, Johnathan Mathew, and Stylianos Contogoulas.

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