Six individual defendants prosecuted by the UK Serious Fraud Office for violations of law related to their alleged involvement with LIBOR manipulation schemes were found not guilty by a jury last week. All had been charged specifically with conspiring with Tom Hayes – who previously had been convicted in connection with his role in the LIBOR manipulation schemes – to illegally influence the submission of panel banks in the Yen LIBOR setting process. (Click here for details on Mr. Hayes’ conviction in the article “First LIBOR Defendant, Tom Hayes, Found Guilty of Conspiracy to Defraud and Sentenced to 14 Years in Prison” in the August 14, 2015 edition of Bridging the Week.)