British Bankers Get Convicted In US Courts For Fraud
Two bankers from Britain have been convicted in a US court of conspiring to manipulate a key interest rate in order to earn money for their bank and colleagues.
Anthony Allen was found guilty on conspiracy to conduct wire fraud and bank fraud, along with 18 other charges which could see him locked up for decades in a US prison.
Co-defendant Anthony Conti was convicted of conspiracy to commit wire fraud and bank fraud, along with 8 other charges.
Nzherald.co.nz reports:
“This is round one,” said Michael Schachter, Allen’s lawyer. Tor Ekeland, an attorney for Conti, said they would pursue all legal options.
Conti was a senior banker who handled U.S. dollars while Allen was the global head of cash at the Dutch bank Rabobank when prosecutors said the scheme was carried out from 2005 to 2011.
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Source: http://www.philosophers-stone.co.uk/?p=5166
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