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This Is the First Person to Be Tried in the Libor-Rigging Case

By

Liam Vaughan

May 6, 2015, 4:01 AM UTCUpdated onMay 6, 2015, 6:26 PM UTC

When Thomas Hayes walks into a London courtroom later this month, he will be the first person to face trial for allegedly rigging the benchmark interest rates used to value $350 trillion of loans and securities.

It only took seven years to get here.