Libor Rigging’s Poster Boy Gets Final Shot at Proving Innocence
- Tom Hayes to ask London Court of Appeal to overturn conviction
- Appeal hinges on US decision that the conduct isn’t fraudulent
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Almost a decade since he became the face of the Libor rigging scandal, Tom Hayes has one final shot at clearing his name.
Hayes, an ex-UBS Group AG and Citigroup Inc. trader, was the first conviction of the high profile investigation that unfolded over allegations he, with a select group of bankers, manipulated a key interest rate benchmark used to value more than $350 trillion of loans and securities.