News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Trading

London jury acquits six brokers of Libor manipulation frauds

All six men were accused of conspiring with former UBS and Citi trader Tom Hayes

London jury acquits six brokers of Libor manipulation frauds

A jury acquitted six former brokers of fraudulently trying to manipulate a widely used benchmark interest rate, dealing a major blow to a years-long international investigation.

The jury on Wednesday reached unanimous verdicts to acquit five of the brokers - former Icap brokers Colin Goodman and Danny Wilkinson, former RP Martin brokers Terry Farr and James Gilmour, and former Tullett Prebon broker Noel Cryan - on all counts. The sixth broker, Icap's Darrell Read, was acquitted on one count of conspiring to defraud, but the jury is still deliberating on another count against him.

WSJ Logo