Brokers Charged in LIBOR Investigation

According to the UK’s Serious Fraud Office, Terry Farr and James Gilmour, former brokers at RP Martin Holdings, have been charged with offenses of conspiracy to defraud in connection with an investigation into the manipulation of LIBOR.

Farr and Gilmour were arrested on December 11, 2012 (along with Tom Hayes) by officers from the SFO and the London police.

Gilmour has been charged with one count of conspiracy to defraud, and two counts of the same offense for Farr. They will appear before Westminster Magistrates Court at a later date.

To read the related article posted by the Wall Street Journal (subscription required): click here.

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