UK Supreme Court Overturns Tom Hayes’ Libor-Rigging Conviction
TL;DR Summary
The UK Supreme Court unanimously overturned the conviction of former trader Tom Hayes for Libor interest rate rigging, citing unfair trial procedures and the right to a fair defense, after Hayes served five and a half years of an initial 14-year sentence.
Topics:business#court-overturns-conviction#interest-rate-manipulation#libor-rigging#tom-hayes#uk-supreme-court#world
- Court overturns ex-Citi trader Hayes’ criminal conviction for interest rate rigging CNN
- City traders have rate-rigging convictions quashed BBC
- Tom Hayes’ conviction for Libor-rigging quashed by UK’s highest court Financial Times
- Ex-trader Tom Hayes wins appeal to overturn rate-rigging conviction Reuters
- Two City traders win appeals against rate rigging convictions after ‘Kafkaesque nightmare’ – business live The Guardian
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