Got to have an official fall guy I guess. This fellow was sufficiently powerless so he got pinned.
(From The BBC)
During the trial, the court heard that manipulating the Libor rate was so commonplace that an offer of a Mars bar could get it changed.
Hayes told a fellow trader: “Just give the cash desk a Mars bar and they’ll set wherever you want.”
Hayes confessed, saying that he did not want to be extradited to the US.
He claimed that the manipulation was widespread.