Two brokers charged with manipulating LIBOR

The brokers, Terry Farr and James Gilmour were arrested on 11 December 2012 - alongside former UBS and Citigroup trader Tom Hayes - by officers from the SFO and City of London Police. Both are from Essex. They attended Bishopsgate police station this morning where they were each charged by City of London Police. Gilmour was charged with one count of conspiracy to defraud, while Terry Farr was charged with two counts of the same offence. They will appear before Westminster Magistrates Court at a later date. The SFO's investigation into the manipulation of LIBOR continues. On 6 J...