Ex-Barclays staff jailed over Libor rigging


Three Barclays employees who were this week found guilty of Libor rigging have been sentenced to a total of 17 years in jail.

Libor submitter Jonathan Mathew was handed a four-year sentence while Libor traders Jay Merchant and Alex Pabon were sentenced to six and a half years and two years and nine months, respectively.

Peter Johnson, also a Libor submitter, pleaded guilty to conspiracy to defraud in October 2014 and was sentenced to four years in prison.

Johnson was also ordered to pay a £114,501.19 confiscation order within 14 days as well as £30,000 in costs.

Confiscation proceedings against the three other men will be held at a later date.

The Serious Fraud Office is seeking a retrial of two co-defendants Stylianos Contogoulas and Ryan Reich.