Ex-Barclays Execs Faked Paper Trail To Hide Fraud, Jury Told

Law360, London (October 11, 2019, 5:07 PM BST) -- Barclays executives who conspired to pay £322 million ($396 million) in secret fees to secure capital from Qatar during the financial crisis created a fake “audit trail” to cover their tracks, prosecutors told a London jury Friday during the bankers’ fraud trial.

The Serious Fraud Office alleges that the former Barclays bankers deceived the market by falsely saying the added millions demanded by Qatari investors were given in exchange for “advisory services.” Other investors were told in 2008 that they would receive a 1.5% rate, but the Qataris sought more than double that amount, SFO attorney Edward Brown QC of QEB...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!