The Libor scandal, which began in London and in which more than ten banks and several of its traders are still under investigation, appears to have reached the state of Alaska.
Investors in Alaska, Wyoming, North Dakota and about twenty other US states have reported to the competent authorities a violation of anti-trust laws for a suspected manipulation of the London Interbank Offered Rate (Libor). For now, no trader in Alaksa has been entered in the register of suspects.
Attorney Murray has not yet specified the number of people who participated in the alleged manipulation of Libor.
The complaint alleges that investors were defrauded on dividends when banks manipulated interbank rates by lowering them.
US District Judge Naomi Reice Buchwald last week gave precedence to old cases involving manipulation of interbank rates that have been going on for 16 months, and will consider the new complaints.
The Libor scandal became public with the resignation of former CEO of British bank Barclays Robert Diamond.
Braclays paid the British and American authorities a fine of "only" 453 million dollars, as the bank admitted to manipulating Libor.
