Two Former Derivatives Traders Indicted for Alleged Manipulation of U.S. Dollar and Yen LIBOR

A federal grand jury returned a superseding indictment charging two former derivatives traders with participation in a scheme to manipulate the U.S. Dollar and Yen London InterBank Offered Rate ("LIBOR").

The case against the two former derivatives traders is part of the Justice Department's industry-wide investigation of LIBOR manipulation by financial institutions and individuals.