Fraud

Jailed Libor trader has until end Sept to lodge final appeal request

Tom Hayes, the first trader convicted by a jury of manipulating Libor benchmark interest rates, has until the end of September to lodge final grounds for appeal against his conviction and 14-year jail sentence, a London court clerk said on Tuesday.
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Tens of thousands rally in Moldova against $1 billion bank fraud

Tens of thousands of Moldovans rallied on Sunday in the heart of the capital Chisinau in the biggest street protests in memory, demanding the resignation of the president and early elections over a $1 billion (659.20 million pounds) bank fraud that has hit living standards.
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Accused U.S. 'flash crash' trader fails to have UK extradition case postponed

A London-based day-trader accused by the United States of market manipulation that contributed to the Wall Street "flash crash" in 2010, failed to persuade a court On Friday to postpone his extradition hearing.
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Ireland jails first bankers since financial crisis

An Irish court On Friday sentenced three former employees of Anglo Irish Bank to between 18 and 36 months in prison, the first bankers to be jailed since the country's financial crash. The failure of Anglo Irish, which became synonymous with the casino-style lending practices that drove Ireland's "Celtic Tiger" boom and subsequent bust, cost the state 30 billion euros (£22.1 billion), part of what forced the government to seek an EU/IMF bailout.
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German regulator says ex-Deutsche Bank CEO did not lie on Libor: FT

Germany's financial watchdog BaFin has cleared Deutsche Bank's (DBKGn.DE) former co-chief executive Anshu Jain of lying to the Bundesbank during investigations into interest rate manipulation, the Financial Times reported on Saturday.

Barclays offered deferred prosecution deal in SFO probe - sources

Barclays (BARC.L) has been asked to sign a deferred prosecution agreement (DPA) relating to the Serious fraud Office's (SFO) probe into the bank's fundraisings during the 2008 financial crisis, sources familiar with the matter said.Sky News reported earlier on Tuesday that the agency wrote to Barclays several weeks ago to propose the deal.
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'Near-suicidal' Libor trader Hayes says anger drove plea change

Tom Hayes, the ex-trader charged with manipulating Libor, told a London court on Monday he had been near-suicidal when he initially agreed to cooperate with investigators and plead guilty, but anger over his fate led him to change his mind.Asked by a prosecutor if he had understood that the cooperation agreement he signed in 2013 with Britain's Serious fraud Office (SFO) meant that he would become a "supergrass" implicating others, Hayes said he did not consider the information he provided as incriminating.
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Ex-trader cries at Libor-rigging trial, says did nothing wrong

Tom Hayes, the ex-trader on trial on interest rate-rigging charges, broke down in tears in a London court on Friday as he told the jury he had done nothing wrong.A former yen derivatives trader at UBS and Citi, Hayes is the first person to stand trial over alleged manipulation of the London interbank offered rate (Libor).
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Former trader Hayes denies trades were bribes for brokers, Libor trial hears

Tom Hayes, the former trader on trial over rate-rigging charges, denied on Thursday that fake trades he had performed to generate commissions for brokers amounted to bribes for their help in manipulating benchmark interest rates.Hayes, the first person to stand trial over alleged rigging of the London interbank offered rate (Libor), has pleaded not guilty to eight counts of conspiracy to defraud between 2006 and 2010.
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Former Sal. Oppenheim senior bankers found guilty of fraud

A former Sal. Oppenheim senior banker was jailed for nearly three years on Thursday, with three of his ex-colleagues handed suspended sentences, for fraud before the demise of the wealth manager that specialised in serving Germany's wealthy elite

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