Doner kebab top of the list for convicted Libor-rigger Tom Hayes after he s freed from jail
Tom Hayes gives a statement to the press with his wife Sarah and son Joshua, 8, by his side as he arrives at an industrial estate shortly after being released from Ford Open Prison . Tom Hayes, a former trader for UBS and Citigroup, was jailed for 14 years in August 2015 for rigging The London Interbank Offered Rate (Libor). He was released today having served just over five years of his term. (Photo by Chris J Ratcliffe/Getty Images)
Tom Hayes, the first trader convicted by jury of rigging Libor global interest rates, said on Friday he looked forward to eating a doner kebab after being released from a “traumatic” five-and-a-half years behind bars in Britain.
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LONDON, Jan 29 (Reuters) - Tom Hayes, the first trader convicted by jury of rigging Libor global interest rates, said on Friday he looked forward to eating a doner kebab after being released from a “traumatic” five-and-a-half years behind bars in Britain.
The former star UBS and Citigroup derivatives trader, who has served half his 11-year sentence in custody, was painted by prosecutors as a ringleader in a global conspiracy to manipulate Libor (London interbank offered rate), a reference for rates on around $450 trillion worth of loans worldwide.
Hayes, a gifted mathematician with Asperger’s syndrome who was charged by both U.S. and British prosecutors, said he had been jailed for doing his job the way he had been asked to and believed he would yet be exonerated.
ON FEBRUARY 3-4 2021, the Court of Appeal will hear the appeals of the north Wales building workers who were prosecuted for picketing during the 1972 national building workers’ strike.
Six received prison sentences and 16 received suspended prison sentences. Only two were found not guilty. They have all maintained their innocence of all charges.
Due to the risks from coronavirus and government travel restrictions, we are unable to ask supporters to gather at the court to show their solidarity. We will provide updates on our website.
The Shrewsbury 24 Campaign was launched in 2006 to overturn this miscarriage of justice.
The campaign represents 12 pickets including Dennis Warren (deceased), John McKinsie Jones, Kenneth O’Shea (deceased), John Clee, William Pierce, Terence Renshaw, Patrick Kevin Butcher, Bernard Williams, Alfred James (deceased), Samuel Roy Warburton (deceased), Graham Roberts (deceased) and John Kenneth Seaburg (deceased).
Last modified on Fri 29 Jan 2021 23.37 EST
Tom Hayes, the City trader jailed for manipulating Libor interest rates, has been released from prison after serving what he called a “traumatic” five and a half years in custody.
The former star UBS and Citigroup trader was the first person to be convicted by a jury of rigging the financial industry benchmark and was released after serving half of his 11-year sentence.
During his trial Hayes was described as the ringleader in a vast conspiracy to fix the Libor rate – used to price trillions of pounds worth of financial products – between 2006 and 2010.
A gifted mathematician who was diagnosed with mild Asperger’s syndrome shortly before his trial, Hayes was charged by both UK and US prosecutors.
Prosecutors said the killings took place over a drug deal and the case was dramatised in the 2000 film Essex Boys, starring Sean Bean.
Whomes, now 59, was handed a life sentence with a minimum of 25 years before being eligible for parole after being convicted of murdering the trio.
However, he saw his sentence reduced by two years in 2018 after the High Court ruled he had made exceptional progress in jail.
Pat Tate, Tony Tucker and Craig Rolfe, who were found dead in a Range Rover in Rettendon, Essex
- Credit: Essex Police
In the same year, it emerged the Criminal Cases Review Commission (CCRC) was reviewing new evidence related to the case after a fresh appeal was launched.