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You can find the current article at its original source at http://www.theguardian.com/uk-news/2016/jan/27/five-brokers-found-not-guilty-of-libor-rigging
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Five brokers found not guilty of helping Tom Hayes rig Libor rate | Five brokers found not guilty of helping Tom Hayes rig Libor rate |
(about 2 hours later) | |
Five brokers accused of helping rig the Libor interest rate have been found not guilty by a jury at Southwark crown court in London. | Five brokers accused of helping rig the Libor interest rate have been found not guilty by a jury at Southwark crown court in London. |
In a large blow to the Serious Fraud Office, five of the six brokers accused of helping Tom Hayes – who is serving 11 years in prison – to rig Libor have been cleared. The judge has asked the jury to reach a majority verdict on the sixth. | In a large blow to the Serious Fraud Office, five of the six brokers accused of helping Tom Hayes – who is serving 11 years in prison – to rig Libor have been cleared. The judge has asked the jury to reach a majority verdict on the sixth. |
The brokers on a trial were Darrell Read, Danny Wilkinson and Colin Goodman, who worked at Icap, Noel Cryan, formerly of Tullett Prebon, and Jim Gilmour and Terry Farr, who worked at RP Martin. | The brokers on a trial were Darrell Read, Danny Wilkinson and Colin Goodman, who worked at Icap, Noel Cryan, formerly of Tullett Prebon, and Jim Gilmour and Terry Farr, who worked at RP Martin. |
The jury reached a not guilty verdict on one count of conspiracy to defraud faced by Read, but is yet to reach a verdict on the second count. | The jury reached a not guilty verdict on one count of conspiracy to defraud faced by Read, but is yet to reach a verdict on the second count. |
The trial of the brokers has lasted 15 weeks, but the jury was out for less than a day before revealing its verdicts. | The trial of the brokers has lasted 15 weeks, but the jury was out for less than a day before revealing its verdicts. |
The brokers, whose nicknames included “Lord Libor” and “Big Nose”, were accused of acting as gobetweens by passing around requests from traders and being paid extra commission by Hayes. | The brokers, whose nicknames included “Lord Libor” and “Big Nose”, were accused of acting as gobetweens by passing around requests from traders and being paid extra commission by Hayes. |
The jury will return on Thursday. |