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After a week’s deliberation, a jury at Southwark Crown Court found former City trader Tom Hayes guilty of conspiracy to defraud, for rigging Libor rates. Mr Justice Cooke sentenced him to 14 years’ imprisonment, stating that Hayes was the “centre and hub” of the manipulation. Hayes was the first person to face a jury trial as a result of the Serious Fraud Office’s investigation into the widespread manipulation of the interbank interest rate. The jury heard that Hayes had rigged the Libor rates daily for nearly four years, from 2006-10, while working for UBS and then Citigroup.
After a week’s deliberation, a jury at Southwark Crown Court found former City trader Tom Hayes guilty of conspiracy to defraud, for rigging Libor rates. Mr Justice Cooke sentenced him to 14 years’ imprisonment, stating that Hayes was the “centre and hub” of the manipulation. Hayes was the first person to face a jury trial as a result of the Serious Fraud Office’s investigation into the widespread manipulation of the interbank interest rate. The jury heard that Hayes had rigged the Libor rates daily for nearly four years, from 2006-10, while working for UBS and then Citigroup.
Update from the Chair of the Bar
By David Green
Mário Barroso, Head of R&D and Method Development at AlphaBiolabs, examines the forensic science underpinning hair drug testing, its evidential scope and limitations, and why it remains the gold standard for evidencing patterns of drug use in family proceedings
Unlocking your aged debt to fund your tax in one easy step. By Philip N Bristow
Clement Cowley, Partner at The Penny Group, discusses the upcoming changes to pensions and Inheritance Tax and the potential impact on your financial future
Save the Children UK is the latest charity to benefit from a £500 donation from AlphaBiolabs via the company’s Giving Back initiative
The Chief Legal Officer to the Metropolitan Police, barrister Brett Welch, tells Anthony Inglese CB about his mission and the work to turn the Met around
Barrister apprenticeships – shortly to provide the fourth pathway to the Bar – are an ideal opportunity to support local talent and ‘grow your own’, say Tim Coulson and Dr Jane Dennehy
Born from a grievance, their research project grew into a book and is now challenging the status quo. Emma Price and Emma-Louise Fenelon reveal the key findings – and the critical next steps
Grok around and find out – or not? Mariya Peykova investigates the nudification scandal, what the law has to say about sexually explicit deepfakes, and whether stronger regulation is needed
Oliver Lewis spotlights an overlooked yet rapidly evolving area of law – coercive and controlling behaviour within care contexts
