Serious Fraud Office

Former Barclays banker convicted

Colin Bermingham
Getty Images

Colin Bermingham, 62, has been found guilty in a jury trial in London of conspiring to manipulate global Euribor interest rates.

He is the latest individual to be convicted in Britain of rigging rates in series of prosecutions brought by the Serious Fraud Office (SFO).

On Tuesday, former Barclays trader Carlo Palombo was convicted..

At the same time, co-defendant Sisse Bohart, a 41-year-old Dane who also once worked at Barclays, was acquitted at Southwark Crown Court.

High-risk bond scheme firm faces fraud probe

LCF promotional material
LCF promotional material

More on London Capital & Finance, the company which is under investigation by the Serious Fraud Office.

It offered a high-risk bond scheme marketed as a "Fixed Rate ISA" and raked in £236m from investors.

But in December the City Watchdog froze LCF's activities amid mis-selling fears.

The SFO made arrests earlier this month following a referral from the Financial Conduct Authority to the National Economic Crime Centre.

It wants people who invested in the scheme to contact the SFO through a secure reporting form.