Carlo Palombo conviction for EURIBOR manipulation sent to Court of Appeal

13 Oct 2023

Hickman & Rose client Carlo Palombo’s conviction for EURIBOR manipulation will be re-examined by the Court of Appeal after it was referred by the Criminal Cases Review Commission.

Carlo was found guilty of conspiracy to defraud in March 2019. He was sentenced to four years in prison, causing him to miss the birth of his daughter and the first two years of her life.

The CCRC decision to refer his case to the Court of Appeal follows the same decision in the case of Tom Hayes who was convicted of a similar crime relating to LIBOR.

Ben Rose has been quoted in the Financial Times, the Times and across the media saying the similarities between Carlo’s and Tom’s cases are “so strong that we hope that the Court of Appeal will consider both cases together”.

Carlo is represented by Ben Rose and Tom Bushnell at Hickman & Rose. They instructed counsel Matrix Chambers’ Tim Owen KC, Tim James-Matthews and Rosalind Comyn; and 6KBW’s Katherine Hardcastle.

Read more here, here and here.



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