Financial Fraud Law

Recent Posts

3 Former Barclays Bankers Charged with LIBOR Manipulation
Posted on 18 Feb 2014 by Steven A. Meyerowitz

The United Kingdom’s Serious Fraud Office has brought charges against three former employees at Barclays Bank Plc, Peter Charles Johnson, Jonathan James Mathew, and Stylianos Contogoulas, in connection with its investigation into the manipulation... Read More

8 Banks Fined $2.3 Billion by European Commission in ‘Shocking’ Interest Rate Scandal
Posted on 4 Dec 2013 by Steven A. Meyerowitz

The European Commission has fined eight international financial institutions – including Citigroup and JPMorgan Chase – a total of €1,712,468, 000 (approximately US$2.3 billion) for allegedly participating in illegal cartels in markets... Read More

17 Large Banks Manipulated LIBOR, FDIC Claims
Posted on 15 Mar 2014 by Steven A. Meyerowitz

The Federal Deposit Insurance Corporation, as receiver for dozens of failed banks including Washington Mutual and IndyMac Bancorp, has sued 17 large banks, alleging that they manipulated LIBOR – the London interbank offered rate – over approximately... Read More

Quoting E-Mails, Government Charges 3 Former Rabobank Traders with Manipulating Yen Libor
Posted on 14 Jan 2014 by Steven A. Meyerowitz

Two former Japanese Yen derivatives traders at Rabobank and the trader responsible for setting Rabobank’s Yen London InterBank Offered Rate (LIBOR) have been charged as part of the Justice Department’s ongoing criminal investigation into the... Read More

LIBOR Conspiracy? Canada Says No
Posted on 4 Jan 2014 by Steven A. Meyerowitz

Canada’s Competition Bureau has discontinued its investigation of alleged collusive conduct into the setting of Yen LIBOR rates and their use in pricing interest rate derivative products. The Bureau said that its investigation – which it... Read More

The ‘B’ Word is #5 in Financial Fraud Law for the Year
Posted on 27 Dec 2013 by Steven A. Meyerowitz

Consider these recent financial fraud-related settlements: - SAC Capital Pleads Guilty to Insider Trading and Will Pay $1.8 Billion; - Johnson & Johnson to Pay More than $2.2 Billion to Resolve Criminal and Civil Investigations; - Rabobank... Read More