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The Independent UK
The Independent UK
Lifestyle
James Moore

Voices: What does the overturning of a City trader’s fraud conviction mean for deregulation?

Tom Hayes United States the Supreme Court

Tom Hayes, the former City trader who was jailed in 2015 for his part in rigging inter-bank interest rates, the so-called Libor scandal – was a patsy.

The former UBS and Citigroup trader was convicted and sentenced to 14 years in prison, later reduced to 11. This week, that conviction was quashed by the Supreme Court.

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