UK fraud prosecutor charges two brokers in Libor probe

Britain’s fraud prosecutor has charged two former brokers at interdealer broker RP Martin with rigging Libor benchmark interest rates, broadening the scope of the investigation into the scandal beyond big banks.

The Serious Fraud Office (SFO) said it had charged Terry Farr and James Gilmour with conspiracy to defraud, seven months after arresting them. They are the first staff from a broking firm charged in connection with the Libor investigation in Britain.

via Business feed http://www.scmp.com/business/banking-finance/article/1283731/uk-fraud-prosecutor-charges-two-brokers-libor-probe