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The First Conviction in the LIBOR Scandal

August 3, 2015 by Eugene Grygo

The First Conviction in the LIBOR Scandal

The situation sounds almost like a bad, high-concept synopsis for a Hollywood movie — maybe “Rain Man” meets “Wall Street” — but the reality is far less glamorous. In the U.K., Tom Hayes, described by the Serious Fraud Office (SFO) as “the first individual to be charged and stand trial” in an ongoing criminal investigation… Read More >>

Filed Under: Minding the Gap, AML/Fraud/Financial Crime, Regulation & Compliance Tagged With: compliance, derivatives, Dodd-Frank, LIBOR, operations, OTC derivatives, Rain Man, Serious Fraud Office

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