(Photo: Australian Financial Review)
Former Rabobank money market trader Paul Thompson has spent the weekend in a Perth jail cell after being arrested over allegations he was part of a global Libor-rigging scandal.
Mr Thompson, known widely as “Thomo”, is the first Australian to have been arrested and charged with allegedly manipulating the lending rates that underpin the world’s financial system. The United States Department of Justice is seeking to have him extradited.
The former head of Rabobank’s money market and derivatives trading for south-east Asia is in Hakea Prison, south of Perth city, where those remanded in custody are kept while they wait to appear in court.
The original article can be found at www.afr.com