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Barclays Trader Jailed in Libor Scandal Fights U.K. Conviction

  • Alex Pabon cites doubts over prosecution witness’s credibility
  • Pabon was jailed for 33 months for rigging benchmark
Alex Pabon outside Southwark Crown Court in London, on May 27, 2016.

Alex Pabon outside Southwark Crown Court in London, on May 27, 2016.

Photographer: Chris Ratcliffe/Bloomberg

A former Barclays Plc trader sought permission from a London court to appeal his conviction for Libor-rigging, after the credibility of a prosecution witness who testified at his trial was called into question.

Alex Pabon, who was released from prison earlier this year, asked a panel of judges Friday to grant him an appeal. Pabon’s lawyer, Tom Allen, told the court that statements made by the witness, Saul Haydon Rowe, on Libor could no longer be considered credible after it emerged he’d asked friends for help during breaks in his testimony. Allen said the impact of Rowe’s evidence "was significant" and could have affected the jury’s decision to convict.