Comptroller fears Nassau lost in bank scandal

Nassau County Comptroller George Maragos is calling for

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Nassau County Comptroller George Maragos is calling for an investigation into whether the county may have lost money due to the recent LIBOR scandal roiling Wall Street. (June 22, 2012) (Credit: Howard Schnapp)

Nassau County Comptroller George Maragos called for an investigation Monday into whether the county may have lost money because of the LIBOR scandal roiling global banks on Wall Street.

The Nassau comptroller's office estimated that the manipulation of the London Interbank Offered Rate, or LIBOR, a key short-term interest rate set by large global banks, may have cost Nassau County as much...

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