Jury in landmark case finds 35-year-old guilty of eight counts of conspiracy to fix the international interbank lending rate

Former City trader Tom Hayes has been sentenced to 14 years in jail after becoming the first person to be convicted by a jury of rigging the Libor interest rate.

In a landmark case, Hayes, 35, a former UBS and Citigroup yen derivatives trader, was convicted of eight counts of conspiracy to defraud.

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Source: The Guardian Circular Economy RSS