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27/01/2016

SFO case against Lord libor thrown out.

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Philip Hackett QC

 

 

 

 

 

Philip Hackett QC represented Colin Goodman, who has just been acquitted of all charges of Libor manipulation. The serious fraud office alleged that his nickname Lord Libor reflected his reputation and ability to manipulate the benchmark rate, The defendant submitted that the SFO case was a shambles and the prosecution had never understood how the market operated.

After an FCA/SFO investigation lasting five years and a trial lasting 3 1/2 months the jury returned a unanimous verdict of not guilty on all counts against Mr Goodman after just one days retirement.

 
 

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