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A City banker who was jailed for five-and-a-half years for manipulating interest rates has been reunited with his wife and son following his release - and says he can t wait to eat a doner kebab. Tom Hayes, 36, who was known by colleagues as Rain Man because of his obsessive personality, spearheaded a global conspiracy to manipulate London interbank offered rates (Libor) in order to make more money on his trades. He became the first trader convicted of rigging Libor interest rates and was sentenced to 11 years in prison in Arundel, Sussex - but only served half his time prior to his release yesterday. ....
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. ....
4 Min Read 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. ....