Trader 'more Austin Powers than James Bond'

Austin Powers

Yeah baby!

Tom Hayes’s requests of his brokers and Libor submitters to move the benchmark were so overt that it stretches credulity to believe he knew he was doing something wrong, his defence lawyer said.

Bloomberg News reports that Hayes made no secret of his conduct, Neil Hawes told jurors during closing arguments in a London court Tuesday. Never trained in connection with Libor, Hayes acted just like his peers and in the full knowledge of employers who never raised a hand to stop him, his lawyer said.

If Hayes was engaged in a conspiracy, it was 'more Austin Powers than James Bond', the lawyer said. 'There’s nothing subtle about his communications at all'.

To access the complete Bloomberg News article hit the link below:

Hayes Lawyer Calls Client More Austin Powers Than James Bond

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