The SFO investigates and prosecutes serious or complex fraud, bribery and corruption.
The SFO has today confiscated the realisable assets of Nicholas Levene, the former City trader who was found guilty of fraud in 2012. When Levene was handed a confiscation order in March 2013, due to bankruptcy proceedings, his available realisable assets totalled £1. Today, the SFO has confiscated approximately £118,000 of Levene’s assets.
The Serious Fraud Office today announced the closure of its investigation into LIBOR manipulation. Following a thorough investigation and a detailed review of the available evidence, there will be no further charges brought in this case.