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Libor Convictions at Risk as SFO Expert Witness Challenged

  • Rowe has testified for the prosecution at four Libor trials
  • Two convicted traders are considering fresh appeals bids
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Tom Hayes and another man convicted of manipulating Libor are considering appeals after learning that an expert prosecution witness said at another rigging trial that he needed help understanding some of the very practices he testified about.

Midway through the retrial of former Barclays Plc traders Ryan Reich and Stylianos Contogoulas, Reich’s lawyer challenged witness Saul Haydon Rowe’s credibility, saying he had passed off other people’s knowledge as his own. Rowe acknowledged that during the men’s first trial he had texted friends while testifying for help understanding some of the terms.