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Browse: Home / 2018 / July / 20 / Senior bankers sentenced to more than 13 years for rigging EURIBOR rate – Serious Fraud Office

Senior bankers sentenced to more than 13 years for rigging EURIBOR rate – Serious Fraud Office

By Securities Docket on July 20, 2018, 9:05 am

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.

via Senior bankers sentenced to more than 13 years for rigging EURIBOR rate – Serious Fraud Office.

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Posted in Global, Top | Tagged EURIBOR, SFO

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