Libor rigger Hayes jailed for 14 years

tom-hayes
Tom Hayes and wife Sarah arrive at court on the morning that he is found guilty of fraud after a 10-week trial

Updates with sentencing, comments from judge and defence, background

Tom Hayes, a former UBS and Citi trader, was sentenced to 14 years in jail today (August 3) after a London jury found him guilty of all eight charges of conspiracy to defraud between 2006 and 2010 in the Libor-rigging scandal.

Today's verdict and sentencing bring to a close the first criminal case against an individual related to the manipulation of the benchmark interest rate, linked to the pricing of hundreds of trillions of

To continue reading...