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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Reebok Intl | NYSE:RBK | NYSE | Ordinary Share |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.00 | - |
From Jun 2019 to Jun 2024
WASHINGTON--The Justice Department Monday charged three former Rabobank traders with fraud in connection with their alleged manipulation of a key interest rate.
The three derivatives traders, Paul Robson of the United Kingdom, Paul Thompson of Australia and Tetsuya Motomura of Japan, allegedly manipulated the yen London interbank offered rate by submitting false borrowing rates to the association that sets the benchmark.
The three men are charged with wire fraud and conspiracy to commit wire fraud and bank fraud, the Justice Department said. Their former employer, Rabobank, agreed in October to pay $1.07 billion to regulators around the world to settle a probe into its alleged manipulation of Libor.
Working from offices in Japan, Singapore and the U.K., the men exchanged messages over the course of four years to coordinate the submission of false interest rates so that their derivatives positions would make more money, the Justice Department said.
Lawyers for the men couldn't be immediately reached for comment.
Write to Andrew Grossman at andrew.grossman@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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