Libor Rigging Case: Tom Hayes Convicted To 14 Years in Prison

Tom Hayes, a former yen derivatives trader at UBS Group, was convicted to 14 years in prison in connection with the Libor rigging case. He was the first person convicted by a jury for manipulating the global benchmark.

The Serious Fraud Office of the United Kingdom accused Mr. Hayes as the ringleader of more than a dozen traders manipulating the Libor. Mr. Hayes is a mildly autistic mathematician and was given the nickname “Rain Man” by his colleagues. The jury convicted Mr. Hayes of...

What feeling does this article give you?

#hashtags to follow:

Tom Hayes [+]    UBS Group [+]    Libor [+]    United Kingdom [+]    Hayes [+]    Rain Man [+]   

More #news: