Libor Fraud Admissions

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zone

zone

Senior Member
#1
Jun 13, 2010
27,214
164
63
#1
Stunning Libor Fraud Admissions: "As For Kick Backs We Can Discuss That At Lunch" And Much More

by Tyler Durden on 09/25/2013 10:45 -0400

Remember when everyone decried wholesale Libor manipulation as a crazy conspiracy theory (Zero Hedge: January 2009: "This Makes No Sense: LIBOR By Bank" - after all, it was impossible for so many people to keep their mouth shut or whatever the generic justification is for disproving such "conspiracy theories"? Why, none other than ICAP chief Michael Spencer says they all though Libor was "unmanipulable." As it turns out, not only is Libor "manipulable", and a vast rate-rigging "conspiracy theory" is quite possible when everyone's interests are aligned, but it also is quite profitable, as ICAP just found out to its public humiliation. $87 million worth of humiliation.

Stunning Libor Fraud Admissions: "As For Kick Backs We Can Discuss That At Lunch" And Much More | Zero Hedge
 
zone

zone

Senior Member
#2
Jun 13, 2010
27,214
164
63
#2
Libor fraud case widens
By Jamie Gray
5:30 AM Friday Sep 27, 2013 ✩Save

Michael Spencer, CEO of British finance house ICAP which employed Darrell Read, condemned his manipulation of the Libor rate.

A New Zealand employee of major British finance house ICAP is at the centre of the latest episode of the long-running Libor rate rigging scandal that has rocked London and New York financial centres in the last year

Libor fraud case widens - Business - NZ Herald News

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U.K. PROSECUTORS SAID TO PLAN MORE LIBOR CHARGES IN OCTOBER

By Suzi Ring – Sep 26, 2013 7:39 AM ET

U.K. prosecutors may bring another round of charges against traders and brokers linked to the Libor scandal as soon as next month, according to lawyers familiar with the investigation, now in its fifth year.

The Serious Fraud Office will probably file the additional charges as soon as Oct. 21, when a court hearing is scheduled for three men who have already been arrested in the U.K. probe, said the lawyers, who asked not to be identified because prosecutors’ plans haven’t been made public. About six people may be charged with conspiring to rig the benchmark interest rate, the lawyers said.

U.K. Prosecutors Said to Plan More Libor Charges in October - Bloomberg Law




buncha conspiracy theorists at Bloomberg.
extremists.
 
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Married_Richenbrachen

Guest
#3
#3
zone said:

buncha conspiracy theorists at Bloomberg.
extremists.
Click to expand...
I *really* like this one. I'm still laughing. Those extremists. I like how his tinfoil even protects his horns. Tsk, tsk, tsk. :D
 
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letti

Guest
#4
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He's thinking about al qie e da as he calls it :D
 
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Married_Richenbrachen

Guest
#5
#5
letti said:
He's thinking about al qie e da as he calls it :D
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Probably hoping no one can read his thoughts that he's a senior member, either! I liked the youtube video of him almost saying "conspiracy" when he was talking to the media about the (Boston?) bombings. His wife's eyes flash when he half says it, as if she thinks he's gonna admit to something. In truth, he was probably thinking "Don't say conspiracy, don't say conspiracy..." Oops! :D
 
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