Meet the Former Barclays Executives Acquitted of Credit Crunch Fraud

On Friday, a jury in London acquitted three former Barclays Plc executives of fraud charges after six hours of deliberation. The U.K. Serious Fraud Office alleged Roger Jenkins, Tom Kalaris and Richard Boath had committed fraud by concealing payments made to Qatar to induce it to invest 4 billion pounds in the bank and help Barclays avoid a government bailout at the peak of the 2008 financial crisis. Another judge initially dismissed the charges in May last year, but the SFO won an appeal, resulting in a second trial starting in October. Former Chief Executive Officer John Varley was in the first trial as well, but the Court of Appeal acquitted him and he didn’t participate in the retrial.