Former Citi Trader Gets 14 Years for Libor Rigging



The Irish Times reported that former Citi trader Tom Hayes has been sentenced to 14 years in jail after become the first person to be convicted by a jury of rigging Libor.

The Times said Hayes, a former UBS and Citigroup yen derivatives trader, was convicted of eight counts of conspiracy to defraud.

Hayes was the first person to face trial after a global investigation into the rate-rigging scandal, the Times noted.

Read the full report from The Irish Times here.

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