Libor scandal grows as the fathers of two mass murderers were to testify

December 17, 2012 by  
Filed under Economy

In the wake of the mass murders that took place in Newtown, Connecticut on Dec. 14, information on the shooter, and his family, is slowly being discovered by law enforcement other sources. One interesting connection to the tragedy that took place at the Sandy Hook school is that the father of Adam Lanza has a connection to the theater shootings that took place in Aurora earlier this year by James Holmes.

Both fathers of the shooters were allegedly expected to testify in the Libor scandal that rocked the banking world in June.

The father of Newtown Connecticut school shooter Adam Lanza is Peter Lanza who is a VP and Tax Director at GE Financial. The father of Aurora Colorado movie theater shooter James Holmes is Robert Holmes, the lead scientist for the credit score company FICO. Both men were to testify before the US Sentate in the ongoing LIBOR scandal. The London Interbank Offered Rate, known as Libor, is the average interest rate at which banks can borrow from each other. 16 international banks have been implicated in this ongoing scandal, accused of rigging contracts worth trillions of dollars. HSBC has already been fined $1.9 billion and three of their low level traders arrested.

 

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