Latest topics
» MIDWEEK BY ZAP SCAMKOWSKI THE LAPIS POISON GHOUL- DANGER DO NOT BUY THIS!!!
Today at 1:00 am by 4-truth

» The Mysterious Bush-Clinton Funeral Envelope and Catch 22 Game Theory
Yesterday at 8:49 pm by PurpleSkyz

» "Undeniable" Massive Unknown Craft Rendezvous With SpaceX's Dragon!
Yesterday at 8:43 pm by PurpleSkyz

» FADE to BLACK Jimmy Church w/ Kerry Cassidy : Project Camelot
Yesterday at 8:13 pm by PurpleSkyz

» #LIVE #QANON - #JaredRand - Time for Change Nov 14, 2018 @potus
Yesterday at 5:59 pm by LadyDragon

» #Q Anon Drama Theater: SerialBrain2 - The Reason Trump Tweeted Smocking Gun plus more
Yesterday at 5:18 pm by PurpleSkyz

» Several Strange Black Objects Surrounding The Curiosity Rover On Mars?
Yesterday at 5:13 pm by PurpleSkyz

» #LIVE #QANON #LadyDragon + #Meditation with #JaredRand @potus
Yesterday at 4:20 pm by LadyDragon

» Carrying Stones & Digging Holes Radio Show December 8, 2018
Yesterday at 4:10 pm by Consciousness Of Economic

» Graham Hancock Recently Drank Ayahuasca and Returned with this Important Message for Humanity
Yesterday at 1:12 pm by PurpleSkyz

» Why are space Aliens always naked? lol :)
Yesterday at 12:45 pm by PurpleSkyz

» UFO News ~ Large Black Object Captured Hovering Over The Harquahala Mountain Range In Arizona plus MORE
Yesterday at 12:43 pm by PurpleSkyz

» 12 Easy Ways To Remove Acid Build-up From Your Body, Alkalize Your PH And Beat Disease
Yesterday at 12:35 pm by PurpleSkyz

» CHICKENPOX NOW "DEADLY"??
Yesterday at 12:32 pm by PurpleSkyz

» CERN is Shut Down and the Earth Magnetic Frequency Raises on 11/11/11
Yesterday at 12:23 pm by PurpleSkyz

» Linda Moulton Howe - John Greenwald
Yesterday at 12:21 pm by PurpleSkyz

» Ancient Elongated Skulls Of Peru And Bolivia Full Lecture
Yesterday at 12:19 pm by PurpleSkyz

»  Another monster quake rocks the Southern Hemisphere as magnitude 7.1 - strikes the South Sandwich Islands.
Yesterday at 12:14 pm by PurpleSkyz

» Jeff and Catherine Austin Fitts - Massive Missing Money And The Great Game
Yesterday at 12:10 pm by PurpleSkyz

» Emery Smith Con Man? Corey Goode Good Guy?
Yesterday at 12:02 pm by PurpleSkyz

» #LIVE - #LadyDragon + #Morning #News
Yesterday at 11:58 am by LadyDragon

» Suppressed Ancient Underwater Discoveries That Could Rewrite History
Tue Dec 11, 2018 6:29 pm by PurpleSkyz


CLICK THE SUBSCRIBE BUTTON BELOW TO RECEIVE OUR DAILY NEWSLETTER

A 2ND EMAIL COMPLETES THE ACTIVATION PROCESS




CLICK THE PURPLE BUTTON TO VIEW OUR LATEST POSTS




You are not connected. Please login or register

Out Of Mind » THE INSANITY OF REALITY » CABAL AGENDA & WORLD DOMINATION » LIBOR Scandal Arrests Finally Coming

LIBOR Scandal Arrests Finally Coming

Go down  Message [Page 1 of 1]

1 LIBOR Scandal Arrests Finally Coming on Fri Nov 09, 2012 1:47 pm

PurpleSkyz

avatar
Admin
LIBOR Scandal Arrests Finally Coming


Posted by admin on November 9, 2012

RBS, UBS Traders Said to Face Arrest in Libor Probe


By Lindsay Fortado | Bloomberg



U.K. prosecutors are poised to arrest former traders and rate setters at UBS AG (UBSN),Royal Bank of Scotland Group Plc (RBS) and Barclays (BARC) Plc within a month for questioning over their role in the Libor scandal, a person with knowledge of the probe said.

Police, directed by Serious Fraud Office prosecutors, will act in the
next month, said the person, who declined to be identified because the
matter isn’t public. Arrests in the U.K. are made early in
investigations, allowing people, who may not be charged, to be
questioned under caution.

The SFO has 40 people working on the probe into manipulation of the London interbank
bank offered rate, a benchmark for financial products valued at $360
trillion worldwide, and has involved the City of London Police, said David Green, the agency’s director.

“Significant developments” in the case are coming “in the near
future,” Green said yesterday in an interview at his office in London,
without giving further details and declining to comment on possible
arrests.

The SFO opened the investigation in July at the request of British
politicians after Barclays was fined a record 290 million pounds ($462
million) for rate manipulation. Regulators across the globe are
investigating claims banks altered submissions used to set Libor in an
effort to benefit traders, or so the lenders would appear financially
healthier.

The arrests could be temporarily delayed because of disruptions to the SFO’s schedule caused by a move in offices.



Egregious Attempts


Green said the agency is focusing on the most egregious attempts to
manipulate Libor and other related benchmarks. Investigations into
firms, managers, traders and rate setters at lesser offenders will come
later.

Regulators in the U.S. and U.K. are looking into how derivatives
traders and bankers who submitted interest-rate data colluded to rig
benchmarks to benefit their own trades, and whether lenders low-balled
submissions in 2008 to hide their true cost of borrowing. Criminal
probes by the SFO and U.S. Department of Justice are running in parallel
with civil investigations being conducted by the DOJ’s fraud division,
the U.S. Commodity Futures Trading Commission and the U.K. Financial
Services Authority.

Barclays spokesman John McGuinness, UBS spokesman Richard Morton and RBS spokesman Michael Strachan all declined to comment.

UBS and RBS are next in line to settle with the regulators, people
familiar with the case have said. Edinburgh-based RBS fired four traders
following an internal probe.



Read the rest of the article here: Bloomberg
Thanks to: http://www.thehealersjournal.com



  

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum