All Ex-Brokers Cleared in Libor-Rigging Trial in Blow to Fraud Office
- Read found not guilty Thursday, a day after others acquitted
- Brokers were accused of working with Tom Hayes to fix rates
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Six ex-brokers accused of helping convicted trader Tom Hayes rig Libor were cleared in a London trial this week, with a jury Thursday acquitting a final defendant, former ICAP Plc broker Darrell Read.
Now the attention turns to the U.S., which has brought charges against three of those brokers for related conduct but stopped short of indicting them or seeking extradition. According to legal experts, the chance Justice Department prosecutors could bring them to trial after their acquittals in the U.K. is slim.