Ex-Tullett Prebon Broker Pleads Not Guilty to Libor ChargesGavin Finch
A former London Tullett Prebon Plc broker pleaded not guilty to conspiring to manipulate benchmark interest rates tied to the Japanese yen.
Noel Cryan entered his plea in a London court Friday. He’s charged with conspiracy to defraud between Feb. 1, 2009 and Dec. 3, 2009 in connection with the London interbank offered rate.
Cryan is one of 13 people charged by the U.K. Serious Fraud Office over Libor. About $6.5 billion in fines have been levied globally by authorities against financial institutions in the affair. Libor is the basis for more than $300 trillion of loans and financial contracts.