Recently disclosed UBS emails shed new light on alleged ‘ringmaster’ of Libor scandal Tom Hayes May 14, 2018 Recently disclosed emails between two senior employees at UBS shed new light on the character of Tom Hayes, the convicted former Libor trader who was accused of being the “ringmaster” in the interest rate fixing scandal that rocked the banking industry. A 2008 email exchange between two unidentified employees at the bank describe Hayes, who [...]
Lawyers slam SFO disclosure failings for ‘miscarriage of justice’ in Tom Hayes Libor conviction April 27, 2018 The legal team for convicted Libor trader Tom Hayes has slammed the Serious Fraud Office (SFO) for a series of disclosure failings they say led to a miscarriage of justice and his wrongful conviction. Hayes’s lawyer Karen Todner has written to parliament’s Justice Committee urging it to probe the SFO as part of an inquiry [...]
Tom Hayes has launched the next stage of his Libor appeal to the CCRC January 30, 2017 Tom Hayes, the first person in the UK to be found guilty of playing a role in the Libor-rigging scandal, has submitted an appeal to the Criminal Cases Review (CCRC). Karen Todner, the former UBS and Citigroup trader's solicitor, said Hayes has been the subject of a "gross miscarriage of justice" and she's confident the CCRC will [...]
UK security services fail in legal bid to get hacker Lauri Love to hand over passwords for encrypted device via “back door” May 10, 2016 The UK's security services have failed in their bid to force a hacker to hand over passwords which would give them access to encrypted information held on his computer, in what's been called a landmark case. A judge has ruled today against the National Crime Agency (NCA), which was seeking the passwords as part of a civil case brought by [...]
Libor latest: One person has donated £5,000 to Tom Hayes’ crowdfunding campaign May 5, 2016 Tom Hayes' crowdfunding campaign to raise money for his legal fees has started to gather pace, with one anonymous individual parting with £5,000 for the cause. The crowdfunding campaign, which is being hosted on Fundrazr and was set up to raise funds for Hayes' appeal to the Criminal Cases Review Commission (CCRC), has now raised almost £10,000 since [...]
Libor latest: Tom Hayes appoints new lawyer, and he’s making good progress on crowdfunding the legal fees May 4, 2016 Tom Hayes has instructed solicitor Karen Todner to lead the next stage in his appeal, it was announced today, as he turns to crowdfunding to raise his legal fees. Hayes, a former UBS and Citigroup trader, was convicted of offences related to manipulating the Yen-linked Libor last August. He was initially sentenced to 14 years in prison, [...]