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UK: Two charged in LIBOR manipulation conspiracy case

By  |  July 15, 2013

Two individuals have been charged with conspiring to manipulate LIBOR benchmark rates by the Serious Fraud Office in the latest in legal actions taken concerning the matter. Reports say Terry Farr and James Gilmour, both former brokers for RP Martin Holdings, were arrested in 2012 and have been formerly charged with the conspiracy. The two were arrested with ex-Citi and UBS trader Tom Hayes, who was charged with eight counts of fraud by the SFO last month. The US Department of Justice also charged Hayes.

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