Barclays Latest Fraud Charges

Wealth of Pokemon

Barclays, has been charged by the British Serious Fraud Office, along with four of the bank’s former executives with conspiracy to commit fraud.

The charges on Barclays came after a five-year investigation into the London-based lender’s fund-raising at the height of the 2008 financial crisis.

The accused are John S. Varley, a former chief executive; Roger A. Jenkins, a former chairman of investment banking for the Middle East; Richard W. Boath, a former head of investment banking; and Thomas L. Kalaris, a former head of the bank’s wealth division. Other charges were filed to executives with providing unlawful financial assistance. […Read more]

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