gosub
~#
Libor trio to face confiscation orders next month
"Three ex-Barclays bankers who were found guilty last year of Libor-rigging offences now face being stripped of their property when they return to court again next month.
When they were sentenced last July, it was also announced that Jonathan Mathew, Jay Merchant and Alex Pabon would face a confiscation hearing at a later date. City A.M. has learnt that the Serious Fraud Office has set the date for the hearing as 9 February.
Confiscation proceedings take place following a guilty verdict or plea, with their purpose being to take away any assets from defendants which are found to have been obtained as a result of their crime.
Julie Pabon, Alex's wife, slammed the fraud squad over their plans to bring the hearing, telling City A.M.: "It is just a further heartbreaking injustice that accomplishes nothing other than financially ruining our families."
boo fucking hoo
Had to go and look up other news pages about Pabon coz it is on the face of it WTF
Ex-Barclays Trader Tells Court of Obey or Be Fired Culture
Convicted Libor traders hit back at fraud squad boss
so may well have been an expendable patsy hung out to dry...but then you need a strong pour encourager les autres to help prevent it happening again