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On July 12, 2018, the U.K.'s Serious Fraud Office announced
that two former bankers have been found guilty by a jury of
conspiracy to defraud for manipulating the Euro Interbank Offered
Rate (EURIBOR). One other former banker has been found not guilty
by a jury. The findings follow an investigation launched by the SFO
2012.
The jury could not reach verdicts on the case of three other
bankers. By July 20, 2018, the SFO will inform the court whether it
intends to proceed with a retrial. The two convicted bankers will
be sentenced on July 20, 2018.
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