Tom Hayes denied opportunity to appeal against LIBOR conviction

‘No plan’ to refer case to appeal

James Baxter-Derrington
clock • 1 min read
Hayes, a former UBS and Citigroup trader, was released from low-security prison HMP Ford in January having served around half of an 11-year sentence.
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Hayes, a former UBS and Citigroup trader, was released from low-security prison HMP Ford in January having served around half of an 11-year sentence.

Tom Hayes, the convicted LIBOR rigger, has been denied the opportunity to appeal his conviction and sentence as the Criminal Cases Review Commission said it had no plans to refer his case back to the Court of Appeal.

Speaking to the FT, Hayes said he was "disappointed and surprised" by the ruling, which has not yet been made public by the CCRC and added he would "continue to fight to clear my name". "I have done nothing wrong and have been scapegoated to cover the policies of my employers, the industry practice and to protect the reputation of the financial system," he added. FCA confirms use of synthetic LIBOR for six settings with little change to initial proposal Hayes also claimed to have evidence that was not presented to the jury and said a lack of consideration of his Asperger's syndrome...

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