Rabobank Trader Helped Rig Libor, Former Colleague Testifies
- Defendant `regularly' manipulated rate on request, jury told
- Ex-trader Conti one of two men on trial in rate-rigging case
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An ex-Rabobank Groep trader testified that former-colleague Anthony Conti regularly agreed to manipulate the bank’s Libor submissions to help him make money.
Lee Stewart, then a senior derivatives trader at the Dutch bank’s London desk, told a Manhattan jury Thursday he sat across the trading table from Conti and Anthony Allen, who are on trial together. It’s the first U.S. trial over alleged rigging of the rate by manipulating the bank’s submissions.