Former trader Tom Hayes was found guilty of manipulating the interbank rate between 2006 and 2010 - now faces up to 10 years in prison.
Tom Hayes he is the first to be sentenced for the events linked to the manipulation of the interbank rate Libor. The 2006-year-old British mathematician, former employee of UBS and Citugroup, was found guilty by the court of Southwark, London, for the manipulations, which occurred between 2010 and XNUMX.
The Libor scandal cost several large banks billions of dollars in fines. Now Hayes, whose sentence will be decided elsewhere, risks up to 10 years in prison.
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