Reich '04 acquitted of LIBOR-rigging charges after second trial in two years
Norman XiongRyan Reich ’04, accused of manipulating the LIBOR rate for profit between 2005 and 2007, was acquitted in April. Reich, an ex-Barclays interest rate swaps trader, was among the eight individuals acquitted of LIBOR rigging over the past two years. The ruling comes from a retrial of the case after the jury of the first trial was unable to reach a verdict in July 2016.