Libor
In 2015 a trader at UBS was convicted of rigging LIBOR the interest rate benchmark used by banks to fix our loans and mortgages.
After 5½ years in prison, he was later acquitted and is seeking compensation for the destruction of his career, loss of liberty and emotional and physical harm.
Good luck to him.
He was one of dozens of traders doing the same thing. As usual, the big boys on the board and at the top got away completely scot-free. He was the classic scapegoat, and I hope he socks it to them.
November 2025
Rodney Hylton-Potts