NY and Connecticut AGs Eric Schneiderman and George Jepsen have been investigating the possible...

|By:, SA News Editor

NY and Connecticut AGs Eric Schneiderman and George Jepsen have been investigating the possible manipulation of the Libor rates for six months. The state can use the powerful Martin Act, which allows authorities to establish fraud without needing to prove intent. Meanwhile, Barclays (BCS) traders involved in the scandal could be hit with U.S. charges by Labor Day on Sept. 3, Bloomberg reports.