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R v Johnson and Others

Lloyd's Law Reporter Financial Crime

R v Johnson and Others

Southwark Crown Court, HHJ Anthony Leonard QC, 8 July 2016

Fraud - Sentence - Sentencing Council Definitive Guideline on Fraud Offences - Revenue fraud - Tax fraud - Film Tax Credit - Conspiracy to Defraud - Libor

On 8 July 2016 the defendants, ex-employees of Barclays Bank plc, from the third Libor trial were sentenced for conspiracy to defraud, Johnson having pleaded guilty and the other three having been convicted by a jury. Between June 2005 and September 2007 they had abused their positions as US dollar traders and Libor submitters to manipulate the US dollar Libor market.

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