Libor to a much greater extent than the traders ever did on their own account. This was subsequently published as a book.

Following a series of related convictions of others in the United States for conspiracy for wire fraud and bank fraud, the US Court of Appeals for the Second Circuit in 2022 overturned the convictions of Matthew Connolly and Gavin Campbell Black on the grounds that the cases had not demonstrated that the Libor submissions were made with 'fraudulent intent'. This led to other similar convictions in the United States