United States v. Paul Robson et al.

Overview: 

United States v. Paul Robson et al.
On April 24, 2014, three former senior traders at Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank), Paul Robson of the United Kingdom, who was also a rate setter; Paul Thompson of Australia; and Tetsuya Motomura of Japan, were indicted on one count of conspiracy to commit wire fraud and various substantive counts of wire fraud relating to a conspiracy to manipulate LIBOR.  According to allegations in the superseding indictment, Anthony Allen, put in place a system in which Rabobank employees who traded in derivative products linked to USD and Yen LIBOR regularly communicated their trading positions to Rabobank’s LIBOR submitters, who submitted Rabobank’s LIBOR contributions to the BBA. Tetsuya Motomura, Paul Thompson, Takayuki Yagami and other traders entered into derivative contracts containing USD or Yen LIBOR as a price component and they asked Anthony Conti, Paul Robson, Anthony Allen and others to submit LIBOR contributions consistent with the traders’ or the bank’s financial interests, to benefit the traders’ or the banks’ trading positions.

Case Open Date: 
Monday, January 13, 2014
Tags: 
Paul Robson
Paul Thompson
Tetsuya Motomura
Takayuki Yagami
Anthony Allen
Anthony Conti
Lee Stewart
Rabobank
LIBOR
Updated July 19, 2017