The duo received relatively light sentences. The court sentenced Allen to two years in prison. Conti should be a year in the cell. The men stay pending an appeal at large, the court decided.
The verdict is a setback for prosecutors, who had demanded prison sentences of nine and five years at the merchants. According to Justice belonged shoddy the Libortarief to “the largest financial fraud cases in recent history.”
Allen and Conti worked in London, where they conspired for years, according to the indictment with colleagues, including other banks, to to pin the Libortarief.
remission
Three Rabo colleagues from the London office testified against the pair in exchange for a reduced sentence. A total of thirteen people indicted in the US, including seven former Rabo traders.
In 2014 gave former Rabobank employee Paul Robson already to have been tampered with to the interest rate. His punishment, however, only be decided in June 2017
No comments:
Post a Comment