Two more former derivatives traders with Rabobank have been charged by U.S. authorities in connection with alleged LIBOR manipulation.

The U.S. Department of Justice (DoJ) announced that the bank’s former global head of liquidity & finance was charged, along with another former trader, for their alleged roles in a scheme to manipulate LIBOR. With these latest allegations, six former Rabobank employees have now been charged by U.S. authorities as part of its investigation into alleged LIBOR manipulation.

Earlier today, a federal grand jury in the Southern District of New York returned an indictment charging Anthony Allen, 43, and Anthony Conti, 45, with conspiracy to commit wire fraud and bank fraud and with substantive counts of wire fraud for their alleged participation in a scheme to manipulate LIBOR to benefit their derivatives positions that were linked to those benchmarks. The charges have not been proven.

The indictment also charges two other former Rabobank employees that already pled guilty earlier this year to one count of conspiracy in connection with their roles in the scheme.

“Today, we have charged two more members of the financial industry with influencing Dollar LIBOR and Yen LIBOR to gain an illegal advantage in the market, unfairly benefitting their own trading positions in financial derivatives,” said assistant attorney general, Leslie Caldwell.

“LIBOR is a key benchmark interest rate that is relied upon to be free of bias and self-dealing, but the conduct of these traders was as galling as it was greedy. Today’s charges are just the latest installment in the Justice Department’s industry-wide investigation of financial institutions and individuals who manipulated global financial rates,” Caldwell added.

Rabobank entered into a deferred prosecution agreement with the DoJ last year, agreeing to pay a US$325 million penalty to resolve violations arising from its LIBOR submissions.