Former UBS trader turns to crowdfunding for new appeal

Tom Hayes plans to bring his case to the Criminal Cases Review Commission and obtain a review of the Court of Appeal's ruling

legal-justice-definition

Tom Hayes, the former UBS and Citigroup trader serving 11 years in prison for rigging the London Interbank Offered Rate (Libor), has begun crowdfunding to raise money for a new appeal.

The campaign, which aims to raise £150,000 ($217,195) to cover the legal fees of a second trial, has received just over £3,000 ($4,350) in the first four days.

In March, a London court ruled the former trader must pay £880,000 ($1,280,600) or face a further three years in prison.

Hayes plans to bring his case

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: