Exclusive: Prosecutors, regulators close to making Libor arrestsSubmitted by Bob-45 on Mon, 07/23/2012 - 15:33
By Matthew Goldstein and Jennifer Ablan and Philipp Halstrick
Sun Jul 22, 2012 6:20pm EDT
(Reuters) - Prosecutors and European regulators are close to arresting individual traders and charging them with colluding to manipulate global benchmark interest rates, according to people familiar with a sweeping investigation into the rigging scandal.
Federal prosecutors in Washington, D.C., have recently contacted lawyers representing some of the suspects to notify them that criminal charges and arrests could be imminent, said two of those sources, who asked not to be identified because the investigation is ongoing.