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U.S. and European authorities are near to arresting traders and charging them with collaborating...

Monday, July 23, 2012, 6:27 AM ET
U.S. and European authorities are near to arresting traders and charging them with collaborating in the manipulation of the Libor rate, Reuters reports, with prosecutors in Washington notifying some of the suspects' lawyers that criminal charges could be imminent. The arrests could come in the next few weeks.

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sr1977 Comments (318)

White collar crime prosecution is so civilized. The first warnings that there was trouble brewing for these criminals was 4 years ago, giving any of them ample time to distance themselves from the matter. Next warning was a month or so ago and now the authorities are pre-announcing their intent to start making arrests weeks in advance of the actual arrests?! This must be wonderful for all those involved as they have now had ample time to secure lawyers, formulate a defense strategy and to most likely pre-arrange who were "the bad guys" and who were not.

23 Jul 2012, 06:40 AM Reply Like

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