David Green says the 14-year sentence handed to former trader is ‘part punishment, part deterrent’
More criminal charges are to be brought against individuals suspected of rigging Libor following the conviction of Tom Hayes, according to the head of the Serious Fraud Office.
David Green, the director of the fraud-busting agency, told the Wall Street Journal that the 14-year jail term handed down to Hayes would “send a strong deterrent message” to others considering rigging benchmark rates.
Continue reading…
Source: The Guardian Circular Economy RSS