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Ex-Rabobank trader gets 3 months in U.S. prison for Libor scheme

Reuters - UK Focus

(Corrects headline and first paragraph to say three months, not three years)

By Nate Raymond

Nov 9 (Reuters) - A former Rabobank trader from Australia was sentenced on Wednesday to three months in a U.S. prison for conspiring to manipulate Libor, the leading benchmark for pricing financial transactions, to the bank's advantage.

Paul Thompson, the Dutch bank's ex-head of money market and derivatives trading for Northeast Asia, was sentenced by U.S. District Judge Jed Rakoff in Manhattan (Hamburg: 32U.HM - news) after pleading guilty in July to conspiring to commit wire fraud and bank fraud.

(Reporting By Nate Raymond in New York; Editing by Tom Brown)