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Former Barclays trader loses UK rate-rigging appeal

By Martin Coyle ( March 13, 2018, 11:11 GMT | Insight) -- A former Barclays trader found guilty of manipulating a key benchmark interest rate has failed to get his conviction overturned. The Court of Appeal in London today ruled that Alex Pabon’s 2016 conviction for fraudulently manipulating the London Interbank Offered Rate was "safe" and should stand, despite an expert witness for the prosecution admitting that he had texted a contact for advice.A former Barclays trader found guilty of manipulating a key benchmark interest rate has failed to get his conviction overturned....

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