Convicted Ex-Barclays Trader Told To Pay Up In Euribor Case
Law360, Birmingham, Ala. (December 20, 2018, 7:36 PM EST) -- A London judge on Thursday ordered a former Barclays trader previously sentenced to eight years in prison for plotting to manipulate a key European interest rate benchmark to cough up £77,354 ($98,000) in criminal proceeds or face an additional three years of incarceration.
The confiscation order also directs Philippe Moryoussef, 50, to pay the U.K.'s Serious Fraud Office about £597,700 in legal fees for prosecuting the case, which investigated efforts to rig the Euro interbank offered rate, or Euribor, more than a decade ago.
Moryoussef, who worked for Barclays Bank, was sentenced to eight years in prison in July alongside Christian...
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