“British fraud prosecutors on Monday filed criminal fraud charges against two former London brokers, marking an expansion of the investigation into manipulation of the London interbank offered rate, or Libor.
The U.K.’s Serious Fraud Office said it charged Terry Farr and James Gilmour, who both formerly worked for interdealer broker R.P. Martin Holdings Ltd., with ‘conspiracy to defraud.’ The charges come after the agency last month filed similar charges against former UBS AG and Citigroup Inc. trader Tom Hayes. All three men were arrested in the U.K. last December.
Lawyers for Messrs. Farr and Gilmour couldn’t immediately be reached for comment. Mr. Hayes hasn’t entered a plea.
The Serious Fraud Office didn’t detail the charges against Messrs. Farr and Gilmour. The men are due to appear in a London court at a later date, the SFO said.”
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