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First Briton pleads guilty to Libor rigging

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Chris Powell

GATA

Published : August 19th, 2014

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FOLLOW : Libor London

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Category : GoldWire


	Paul Robson, a former trader at Rabobank, has become the first Briton to plead guilty to being part of the worldwide conspiracy to rig the Libor interest benchmark. The executive, who worked at the Dutch bank's London office, admitted before a New York court to one count of bank fraud and wire fraud, as part of a conspiracy that also involved the taxpayer-backed Lloyds Banking Group. The scheme, which was designed to boost profits at the companies involved, which affected mortgage rates and pension payments around the world, estimated to have cost the public trillions of pounds. ... ... For the remainder of the report: http://www.telegraph.co.uk/finance/libor-scan...rst-Briton-p...

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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.

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