Former Rabobank Libor submitter admits guilt in rigging trial

Paul Robson to face sentencing for Libor manipulation in 2017

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Paul Robson, former Rabobank yen trader, pleaded guilty in the US yesterday to one count of conspiracy to commit wire and bank fraud by manipulating Rabobank's yen Libor submissions. Robson, a UK citizen, appeared before US district judge Jed Rakoff in the Southern District of New York to admit guilt for his part in Libor rigging at various points between 2006 and 2011 to benefit trading positions. The indictment said Robson worked with numerous unnamed individuals and entities in a scheme to

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