10 January 2009

Lloyds pays$350 million to end US case

Let me see now. Lloyds admits criminal conduct according to the BBC. It faked records so that business could be done with US institutions by organisations against whom the US had declare sanctions. Wonder if anyone in the US will be busted for this? Guardian article has more detail: http://www.guardian.co.uk/business/2009/jan/10/lloyds-forfeits-350m-to-us
No UK law was broken.

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