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London (AFP) – Broker Icap on Wednesday said it had settled with British and U.S. regulators to pay fines totalling $87 million (64 million euros) after staff attempted to manipulate a Libor inter-bank lending rate.

The U.S. Department of Justice (DoJ) said in a separate statement that it had charged three former brokers at British group Icap “with conspiracy to commit wire fraud and two counts of wire fraud”, adding that each count carried a maximum penalty of 30 years in prison.

Icap said it would pay £14 million ($22.4 million, 16.6 million euros) to Britain’s Financial Conduct Authority and $65 million to the U.S. Commodity Futures Trading Commission “relating to the involvement of certain brokers in the attempted manipulation of yen Libor by bank traders between October 2006 and January 2011”.

The DoJ said: “Two former derivatives brokers and a former cash broker employed by London-based brokerage firm Icap were charged as part of the ongoing criminal investigation into the manipulation of the London Interbank Offered Rate (Libor).”

It added: “Darrell Read, who resides in New Zealand, and Daniel Wilkinson and Colin Goodman, both of England, were charged with conspiracy to commit wire fraud and two counts of wire fraud… They each face a maximum penalty of 30 years in prison for each count upon conviction.”

Photo Credit: AFP/Leon Neal

President Trump boards Air Force One for his return flight home from Florida on July 31, 2020

Official White House Photo by Joyce N. Boghosian

Reprinted with permission from Alternet

Florida senior residents have been reliable Republican voters for decades, but it looks like their political impact could shift in the upcoming 2020 election.

As Election Day approaches, Florida is becoming a major focal point. President Donald Trump is facing more of an uphill battle with maintaining the support of senior voters due to his handling of critical issues over the last several months. Several seniors, including some who voted for Trump in 2016, have explained why he will not receive their support in the November election.

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