Hayes ‘Didn't Invent’ Libor Rigging, Lawyer Says in Appeal Fight

  • Lawyer for Hayes says 14-year sentence was too harsh
  • Judges may issue ruling on conviction, sentence next week

A lawyer for Tom Hayes questioned the 14-year prison sentence issued to the former UBS Group AG trader, saying the trial judge didn’t give enough weight to the fact that Libor rigging started before Hayes got to the bank and it continued after he moved on.

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