Ex-Deutsche Bank traders avoid prison time for Libor scheme

October 24, 2019 by  
Filed under News

Two former Deutsche Bank AG traders will not serve any prison time for conspiring to manipulate the Libor benchmark interest rate between 2005 and 2011, a federal judge ruled on Thursday, sharply criticizing U.S. prosecutors for treating the two men as “proxy wrongdoers” for a much larger scheme.

Source: Reuters Business News

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