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Former Traded Tom Hayes Found Guilty Of Rigging Libor - Jailed For 14 Years

Date 03/08/2015

Tom Hayes, a British former star trader at UBS and Citigroup, has been found guilty of eight counts of conspiring to rig Libor benchmark interest rates.

Hayes was sentenced to 14 years in jail by a London court today after becoming the first person to be convicted by a jury of conspiring to rig Libor. This follows a seven-year global investigation.