"The Department of Justice has decided to decline prosecution" with respect to Libor, Citigroup says

Categorized | STOP FORECLOSURE FRAUD

“The Department of Justice has decided to decline prosecution” with respect to Libor, Citigroup says

“The Department of Justice has decided to decline prosecution” with respect to Libor, Citigroup says

LAW 360-

The U.S. Department of Justice has elected not to bring a case against Citigroup Inc. in its wide-ranging investigation into alleged rigging of the London Interbank Offered Rate, the bank said in a Monday securities filing.

The New York-based bank had earlier said that the Justice Department was looking into the activities of its traders, and Citigroup’s Citibank N.A. unit was mentioned as having had employees engaged in Libor manipulation with colleagues from Deutsche Bank AG in that bank’s settlement last month.

However, Citigroup said the Justice Department would not be bringing a case in its 10-Q filing with the U.S. Securities and Exchange Commission.

“The Department of Justice has advised Citigroup that, based on the facts and circumstances as the Department of Justice currently understands them, the Department of Justice has decided to decline prosecution with respect to [Libor,]” Citigroup said in its filing.

 [LAW 360]

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Comments

comments

This post was written by:

- who has written 8611 posts on FORECLOSURE FRAUD | by DinSFLA.

CONTROL FRAUD | ‘If you don’t look; you don’t find, Wherever you look; you will find’ -William Black

Contact the author

Leave a Reply

GARY DUBIN LAW OFFICES FORECLOSURE DEFENSE HAWAII and CALIFORNIA
Advertise your business on StopForeclosureFraud.com
Kenneth Eric Trent, www.ForeclosureDestroyer.com

Archives