The first three arrests have been
made in London in connection with the LIBOR (London Interbank Offered
Rate) rate-fixing scandal. Three unnamed traders were taken into custody Tuesday (11 December 2012). According to the Associated Press the three were British nationals. Reports have not revealed where the three were employed.
The arrests were made by London police in collaboration with the SFO (Serious Fraud Office) of the British government. Other criminal investigations are ongoing around the world, according to Reuters, but the only arrests thus far are these in London. Reuters specifically mentioned that investigations were underway "across Europe, the United States, Canada and Japan."
Read more: http://econintersect.com/b2evolution/blog1.php/2012/12/12/bank-fraud-underlings-arrested-banks-too-big-to-indict
The arrests were made by London police in collaboration with the SFO (Serious Fraud Office) of the British government. Other criminal investigations are ongoing around the world, according to Reuters, but the only arrests thus far are these in London. Reuters specifically mentioned that investigations were underway "across Europe, the United States, Canada and Japan."
Read more: http://econintersect.com/b2evolution/blog1.php/2012/12/12/bank-fraud-underlings-arrested-banks-too-big-to-indict
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