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


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

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