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Expert Analysis

Prosecutors Avoid 5th Amendment Showdown In Libor Case

By Justin Shur and Eric Nitz ( October 26, 2018, 2:46 PM EDT) -- On Oct. 17, Gavin Black, a former Deutsche Bank trader, was convicted by a Manhattan federal jury of wire fraud and conspiracy in connection with his alleged role in the manipulation of Libor rates.[1] Absent from the government's case were statements that Black had made to lawyers engaged by Deutsche Bank to conduct an internal investigation into the allegations. The government had opted not to elicit them, avoiding a showdown that could have led to an expansion of the scope of Fifth Amendment protection....

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