UPDATE 1-Ex-Deutsche Bank traders avoid prison time for Libor scheme
Two former Deutsche Bank AG
traders will serve no prison time for conspiring to
manipulate the Libor benchmark interest rate between 2005 and
2011, a federal judge ruled on Thursday, sharply criticizing
U.S. prosecutors for treating the two men as “proxy wrongdoers”
for a much larger scheme.
traders will serve no prison time for conspiring to
manipulate the Libor benchmark interest rate between 2005 and
2011, a federal judge ruled on Thursday, sharply criticizing
U.S. prosecutors for treating the two men as “proxy wrongdoers”
for a much larger scheme.
Posted by Reuters
