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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. The Libor London Interbank Offered Rate is an average interest rate calculated through the submissions of interest rates by major banks in London. It is controlled by the British Bankers' Association and holds approximately $350 trillion in derivatives per year. The Libor scandal is a series of fraudulent actions connected to the Libor and the resulting investigation. The scandal arose in 2012 when concerned authorities found that banks were falsely inflating or deflating their rates in order to profit from trades, or to appear more creditworthy than they were...