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19-06-2013, 04:50 AM
An honorable member of the Coffee Shop Has Just Posted the Following:
Former Trader Is Charged in Libor Probe (http://online.wsj.com/article/SB10001424127887323566804578552941803675824.html?m od=djemalertNEWS)
British prosecutors filed criminal fraud charges against former UBS and Citigroup trader Tom Hayes for allegedly trying to manipulate benchmark interest rates, in the first effort by British authorities to seek criminal penalties against someone they allege was involved in manipulation of the London interbank offered rate, or Libor.
The U.K.'s Serious Fraud Office said in a statement that Mr. Hayes was charged with eight counts of conspiracy to defraud in connection with the Libor investigation.
These are criminal acts. MAS won't prosecute because many involved in the rate rigging are ang mo FTrash. We pander to the foreigners so much that we dare not even do the right things. So typical.
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?154833-MAS-s-Double-Standards&goto=newpost).
Former Trader Is Charged in Libor Probe (http://online.wsj.com/article/SB10001424127887323566804578552941803675824.html?m od=djemalertNEWS)
British prosecutors filed criminal fraud charges against former UBS and Citigroup trader Tom Hayes for allegedly trying to manipulate benchmark interest rates, in the first effort by British authorities to seek criminal penalties against someone they allege was involved in manipulation of the London interbank offered rate, or Libor.
The U.K.'s Serious Fraud Office said in a statement that Mr. Hayes was charged with eight counts of conspiracy to defraud in connection with the Libor investigation.
These are criminal acts. MAS won't prosecute because many involved in the rate rigging are ang mo FTrash. We pander to the foreigners so much that we dare not even do the right things. So typical.
Click here to view the whole thread at www.sammyboy.com (http://www.sammyboy.com/showthread.php?154833-MAS-s-Double-Standards&goto=newpost).