Tom Hayes, a former trader for UBS and Citigroup, made headlines for his involvement in manipulating the London Interbank Offered Rate (Libor) in 2015. He was sentenced to 14 years in prison, which was later reduced to 11 years on appeal. Recently, senior politicians have called for his case, along with that of Carlo Palombo, to be heard at the UK's final court of appeal.
Born in October 1979, Tom Hayes gained notoriety for his role in the manipulation of interest rate benchmarks during his time as a trader. His actions in attempting to influence the Libor, a key global benchmark interest rate, led to legal repercussions and a high-profile trial. Hayes' case has sparked debate and scrutiny over financial misconduct in the banking sector, highlighting the consequences of fraudulent activities within the industry.