Barclays trader faces jail

A former Barclays trader who behaved ‘like a cheating Australian cricketer’ when he plotted to rig a lending rate is facing years behind bars. Philippe Moryoussef, 50, was convicted in his absence of involvement in a scam likened to crickets applying sand paper to the ball to make the ball swing through the air. The crooked Frenchman conspired with other traders to manipulate the Euribor lending rate so they could make even more cash on top of their multi-million pound…

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