Criminal charges have been filed against three former Barclays PLC (ADR) (NYSE:BCS) (LON:BARC) Bank employees, including two US citizens, for rigging interest rates. After company paid fine, individual criminal charges filed by UK authorities After Barclays PLC (ADR) (NYSE:BCS) (LON:BARC) admitted wrongdoing and paid a $450 million fine to settle rate-rigging allegations with US and UK authorities, it was Britain’s Serious Fraud Office that criminally charged individuals Alex Pabon and Ryan Reich, two Americans, along with Jay Merchant, a UK resident. The lack of individual charges from the US Department of Justice for criminality involving the large banks has been a…
Three Former Barclays Employees Face Criminal Charges In UK
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.