Today Christian Bittar and Phillipe Moryoussef were sentenced to a total of 13 years, 4 months’ imprisonment at Southwark Crown Court for manipulating the Euro Interbank Offered Rate (EURIBOR) at the height of the financial crisis.
Bittar (46), former Principal Trader (Managing Director) at Deutsche Bank and Moryoussef (50), formerly of Barclays Bank conspired together to submit false or misleading EURIBOR submissions for personal gain and to advantage the banks they worked for.
‘Enforcement 40’ for 2020
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