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Ex-Barclays Euribor trader Moryoussef convicted in absentia in Britain

Reuters  |  LONDON 

By Kirstin RidleyLONDON (Reuters) - A French former trader with Barclays, tried in his absence by a London court, has been convicted of helping to mastermind a five-year plot to rig global interest rates.After an 11-week trial, 50-year-old former senior derivatives trader Philippe Moryoussef was found guilty of conspiracy to defraud by dishonestly manipulating Euribor (Euro interbank offered rate) for profit between January 2005 and December 2009.Three of his co-defendants, however, face a possible retrial.The prosecution was the first to focus on Euribor, a reference for rates on more than ...

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First Published: Thu, July 12 2018. 22:43 IST
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