Following a Wave of Banker Suicides, 3 Former Barclays Bankers Now Charged in LIBOR ScandalMelissa Melton LIBOR is an interbank benchmark used to set the interest rates on trillions in loans all over the world. The investigation into LIBORs deliberate manipulation began in 2008, and it has come to light that traders at various banks all over the world have benefited financially from turning in false interest rate reports since. Thus far, Barclays and other mega banks including JP Morgan Chase, Citigroup, UBS, Deutsche Bank and the Royal Bank of Scotland have been forced to pay billions in regard to rigging interest rates. The Wall Street Journal is also reporting that authorities in the United States, United Kingdom and EU are currently investigating a group of traders from various banks for manipulating Euribor, the euro interbank interest rate, as well. Jan. 26, 2014 Jan. 28, 2014 The London Coroners Office is set to hold a formal inquest into Magees death, but not until May 15th. Jan. 29, 2014 Dueker, a prior assistant VP and research economist for the St. Louis branch of the Federal Reserve Bank, had worked at Russell for five years, during which time he developed a business-cycle index that forecast economic performance. Feb. 3, 2014 Feb. 4, 2014 Just last month, JP Morgan Chase, Americas biggest bank, admitted wrongdoing and was fined $461 million for willfully violating the Bank Secrecy Act in relation to Bernie Madoffs multi-billion dollar Ponzi scheme. When JPMorgan suspected Mr. Madoffs fraud, it focused on its own investment exposure and saved itself approximately $250 million. If it had given the same attention to its anti-money laundering responsibilities, it could have saved itself $2 billion, and potentially saved thousands of other fraud victims untold misery and loss, stated Financial Crimes Enforcement Network Director Jennifer Shasky Calvery. JP Morgan also owns over 60% of the total notional of all US gold derivatives ($108.2 billion). While all these instances could be entirely unrelated in any way, others are wondering if the heat intensifying in the LIBOR scandal, the hint at other major interest rate scandals, and the rash of recent banker suicides is suggesting a bigger global financial implosion to come. Melissa Melton is a writer, researcher, and analyst for The Daily Sheeple, where this first appeared, and a co-creator of Truthstream Media. Wake the flock up! 